Outcome of Board Meeting held on 13-11-2025
Price
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Awaiting price reaction for this filing.
The Board approved unaudited results for H1 FY26 (ended September 30, 2025). The company reported zero revenue from operations and zero other income for the half year, against Rs. 25.40 lakhs of other income in the full year FY25. It posted a loss of Rs. 6.33 lakhs for H1 FY26 versus a loss of Rs. 6.11 lakhs in H1 FY25, with only employee benefit costs (Rs. 1.50 lakhs) and other expenses (Rs. 4.83 lakhs) making up the spend. The balance sheet shows equity share capital of Rs. 830.03 lakhs but deeply negative other equity of Rs. -1,089.57 lakhs, leaving total equity at Rs. -259.54 lakhs, i.e., a negative net worth. Operating cash flow was negative at Rs. -7.45 lakhs, funded by fresh borrowings of Rs. 7.25 lakhs, ending with just Rs. 0.27 lakhs of cash.
This is a deeply concerning filing: the company has no revenue, is making recurring losses, carries a wiped-out negative net worth, and depends on borrowings to stay afloat, raising serious going-concern doubts. For shareholders, this signals very high risk with no clear earnings catalyst in sight.