Results have been attached herewith.
Awaiting price reaction for this filing.
Alka India Limited (BSE: 530889) reported its Q1 FY2025-26 results (quarter ended June 30, 2025) showing zero revenue and a net loss of Rs. 41.69 lakhs on a standalone basis, compared to a profit of Rs. 0.57 lakhs in the year-ago quarter. Total expenses stood at Rs. 41.69 lakhs. The auditor issued a Disclaimer of Opinion on both standalone and consolidated results, noting 14 emphasis-of-matter points tied to the company's recent NCLT/CIRP process and the absence of valuation support for certain impaired investments. Standalone net worth is negative at Rs. -55.25 lakhs, while consolidated net worth is Rs. 771.88 lakhs. The board also approved the appointment of a new internal auditor (M/s PSG and Associates), a new tax auditor (M/s J M Patel & Bros), and a new Independent Director, and reconstituted the Audit and Nomination & Remuneration committees.
Shareholders should note the company just emerged from insolvency proceedings in February 2025, has no operating revenue, negative standalone net worth, and a disclaimer-of-opinion audit report — all of which signal serious financial weakness and heightened risk despite the change in management and promoter.