Revised Quarterly Financial Results - September 30, 2025
Awaiting price reaction for this filing.
Inditalia Refcon Ltd has refiled its Q2/H1 FY26 results (ended September 30, 2025) solely to correct a balance-sheet format issue flagged by BSE — no financial numbers have changed. The company reported zero revenue from operations and zero other income for the quarter and half year, and itself states it has 'no business activity at present'. Loss for the quarter widened to Rs 17.81 lakh from Rs 10.08 lakh in Q1 FY26 and just Rs 0.61 lakh in Q2 FY25. Half-year loss came in at Rs 27.88 lakh versus Rs 1.51 lakh a year ago, driven by a sharp spike in other expenses to Rs 27.28 lakh from Rs 0.91 lakh. Reserves & surplus stand at a deeply negative Rs -1,315.83 lakh against equity capital of Rs 1,190.07 lakh, meaning negative net worth, while short-term borrowings rose to Rs 78.24 lakh from Rs 44.86 lakh.
This is effectively a non-operating shell company with no revenue, mounting losses and negative net worth funded entirely by borrowings — shareholders should treat this as a high-risk, near-zero earnings visibility situation with no clear path to recovery in sight.