Outcome of the Board meeting held on 25.05.2026 and considered Standalone and Consolidated Audited Financial Results of the Comany for the Quater and year ended on 31.03.2026
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The Board of Directors (suspended under Corporate Insolvency Resolution Process) approved the Standalone and Consolidated IndAS Audited Financial Results for Q4 and year ended March 31, 2026. The statutory auditors issued their report on these results. The meeting lasted only 22 minutes and was conducted on May 25, 2026. The company is under CIRP as per NCLT order dated 29.05.2021. Due to document corruption, specific financial figures like revenue, PAT, or EBITDA could not be extracted.
The company remains under insolvency proceedings with a suspended board, creating significant uncertainty for shareholders. The audited results have been approved but the underlying going concern issue persists due to the ongoing CIRP process.