Result for the Year Ended March 2026 - Outcome of the Board Meeting
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Shri Krishna Prasadam Ltd reported audited standalone financial results for FY2026. The company generated revenue of Rs. 21.58 Lakhs, a significant improvement from near-zero revenue in FY2025 when it was not actively operating. However, the company still posted a net loss of Rs. 2.72 Lakhs (vs loss of Rs. 1,275.41 Lakhs in FY2025). Cash losses of Rs. 257.72 thousand were incurred this year versus Rs. 1,27,538.71 thousand in the prior year. The balance sheet shows negative reserves of Rs. 246.44 Lakhs. The company went through an IBC resolution process and raised funds via equity allotment to the Resolution Applicant. Borrowings increased to Rs. 46.99 Lakhs. Auditors Barwal & Associates issued an unmodified opinion after replacing the previous auditor A K P S & Co who resigned in August 2025.
The company is showing signs of revival with first revenue generation since FY2025, but continues to burn cash with negative operating cash flow of Rs. 2.96 Lakhs. The heavy debt load and negative reserves remain concerning despite auditor confirmation of no going concern uncertainty.