As attached.
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Awaiting price reaction for this filing.
The board approved unaudited Q2 FY26 and H1 FY26 results showing zero revenue from operations, continuing losses. H1 FY26 loss widened to ₹7.79 lakhs vs ₹0.66 lakhs in H1 FY25, while Q2 alone posted a loss of ₹1.89 lakhs. Total equity remains negative at ₹(233.47) lakhs even after the NCLT-approved 90% capital reduction (completed July 2025), which wiped out ₹9.66 crore of accumulated losses. Operating cashflow was negative at ₹(9.02) lakhs and short-term borrowings stand at ₹255.07 lakhs. In a separate move, statutory auditor Mr. Meet Shah resigned mid-term citing 'pre-occupation and location,' and P H Shah & Co (FRN 115464W) has been appointed to fill the casual vacancy till the next AGM in 2026.
Negative sentiment likely as the company continues to report zero revenue, widening losses, negative net worth, and a mid-term auditor exit before the scheduled 2027 term-end. Shareholders should note the auditor's resignation cites personal reasons with no flagged concerns on books, but the weak financial position remains a key risk.