Resubmission of approved Unaudited Financial Results for the quarter and half year ended September 30, 2025. The resubmission is filed pursuant to BSE observation.
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Awaiting price reaction for this filing.
Shree Precoated Steels Ltd has resubmitted its Q2 and H1 FY26 (ended September 30, 2025) unaudited financial results to BSE after the exchange flagged that notes to the results were missing in the original November 6, 2025 filing. The numbers themselves are unchanged: the company reported virtually nil net sales/operating income, with total expenses of Rs. 16 lakhs in Q2 FY26 and Rs. 28 lakhs for H1 FY26, leading to a loss before tax of Rs. 16 lakhs for the quarter and Rs. 28 lakhs for the half year. Loss after tax for H1 FY26 stood at Rs. 8 lakhs, with basic EPS of Rs. (0.39). Networth has worsened further into negative territory at Rs. (244) lakhs as of September 30, 2025, compared with Rs. (216) lakhs as of March 31, 2025. The statutory auditor V. Parekh & Associates has explicitly drawn attention to a "Material Uncertainty Related to Going Concern," noting that the company's ability to continue depends on raising fresh finance and generating future cash flows.
This is a deeply negative filing for shareholders — the company is loss-making, carries a negative networth, and its auditor has flagged a going concern uncertainty, signalling serious financial fragility. The stock is likely to remain illiquid and high-risk, and any fresh capital raise or adverse outcome in the pending indirect tax refund litigation could materially affect shareholders.