As intimated vide our letter Ref.: SATCHMO/038/2025-26 dated January 21, 2026, the Board of Directors of the Company met on Friday, January 28, 2026 and amongst other businesses, have considered ....
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Satchmo Holdings' board approved its Q3 FY26 (Dec 2025) unaudited financial results on January 28, 2026. Standalone profit after tax for the quarter was a massive Rs 1,012.63 crore, almost entirely driven by exceptional items of Rs 1,013.54 crore linked to one-time settlements (OTS) with lenders. Underlying operations remain tiny, with revenue from operations of just Rs 31.5 lakh in Q3 and Rs 12.08 crore for the nine months. The exceptional items include write-backs of disputed HDFC interest (Rs 135.46 crore), reversal of disputed principal (Rs 294.68 crore), and reversal of corporate guarantees to subsidiaries (Rs 532.82 crore). Insolvency proceedings (CIRP) filed by JCF ARC were dismissed by NCLT Bengaluru, and the company has received No-Dues certificates. Two subsidiaries (Northroof and Marathalli Ventures) ceased to be subsidiaries after settlement of long-pending dues.
The headline profit is not from operations but from one-time debt settlements and write-backs, so it does not reflect recurring earning power. The auditor has flagged multiple emphasis-of-matter issues including disputed revenue, unreconciled HDFC balances, non-renewal of RERA registration for a project, and pending VAT dues, which keep risk concerns alive for shareholders even as the balance sheet has technically turned positive.