Q1 FY27 results: zero revenue, Rs.21.36L loss; board okays 75,000 share preferential issue
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Board approved Q1 FY27 unaudited results: zero operating revenue, nil other income, total expenses Rs.21.36 lakh, net loss Rs.21.36 lakh versus a loss of Rs.1.95 lakh in Q1 FY26. New management acquired 62.72 percent control this quarter; company is exploring new businesses after a long revenue drought. Board also approved a preferential allotment of 75,000 equity shares at Rs.34.10 to Eureka Stock and Share Broking Services, raising about Rs.25.58 lakh. AGM fixed for September 7, 2026. Auditors gave an unmodified review with emphasis of matter on investment valuation and pending balance confirmations.
Negative: zero revenue and widening losses are concerning, but new management takeover and small capital infusion hint at a possible turnaround attempt.