Q2 FY26 results: widening losses, going concern flagged, promoter exits
SABEVENTS · price
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SAB Events posted Q2 FY26 revenue of Rs 55.25 lakh versus Rs 57.94 lakh a year ago. H1 revenue grew 31% to Rs 95.93 lakh. H1 net loss was Rs 38.31 lakh. Total equity is negative at minus Rs 237.58 lakh; current liabilities are 4.44 times current assets, and the company cannot service its debt. Auditors flagged material going concern uncertainty and issued a qualified review on goodwill impairment and unprovided interest. Promoter Markand Adhikari was reclassified to public category; his son Kailasnath was named Chairman. The Board had earlier approved the PPIRP insolvency resolution process in August 2025.
Going concern doubt, negative equity, and an active insolvency process signal serious solvency risk for shareholders.