Unaudited Financial Results for the Quarter and Half Year Ended September 30, 2025 along with Limited Review Report is enclosed
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Sanathnagar Enterprises Ltd's Board approved unaudited financial results for Q2 and H1 FY26 (ended September 30, 2025). The company has zero revenue from operations, with only ₹6.47 lakhs in other income for Q2 FY26 versus ₹18.47 lakhs in Q2 FY25 — a ~65% year-on-year decline. Q2 showed a marginal profit of ₹1.32 lakhs, while H1 FY26 remained in loss at ₹(2.95) lakhs (vs ₹(372.22) lakhs in H1 FY25, which was inflated by a one-time deferred tax reversal of ₹370.95 lakhs). Auditor MSKA & Associates issued an unmodified (clean) limited review report. Notably, during the quarter the Board decided to withdraw from the previously approved merger scheme with holding company Lodha Developers Limited. The balance sheet shows deeply negative net worth of ₹(1,249.63) lakhs against outstanding borrowings of ₹1,345.17 lakhs.
Shareholders should note the company has no operating revenue, carries a negative net worth, and the scrapping of the Lodha Developers merger removes a previously anticipated value-unlocking event. The clean auditor opinion and marginal Q2 profit provide limited comfort against the weak overall financial position.