Q1 FY27 Results: Loss widens, auditor flags preference share non-compliance
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Board approved Q1 FY27 unaudited results with a pre-tax loss of Rs. 39.62 lakhs versus Rs. 16.92 lakhs in Q4 FY26. Auditor's Emphasis of Matter highlighted unpaid preference share dividends and unredeemed preference shares overdue since Feb 2025, signalling non-compliance with issue terms. NSE dues of Rs. 28.39 lakhs were partly settled with Rs. 22.50 lakhs paid. Auditor could not verify receivables/payables balances or trade payables classification. Board also appointed new Secretarial Auditor for 5 years.
Continued losses, preference share non-compliance, and auditor concerns may weigh on the stock and raise governance worries.