OUTCOME
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board approved unaudited results for the quarter and half year ended 30 September 2025 with a significant delay caused by the sudden demise of statutory auditor Mr. Ramesh Kumar Bajaj (M/s R. K. Bajaj & Co.) on 26 October 2025. A new auditor, M/s N Dokania & Associates, was appointed on 4 December 2025 to fill the casual vacancy, subject to shareholder approval. Total income stood at Rs 7.08 lakh for Q2 FY26 (vs Rs 7.05 lakh in Q2 FY25) and Rs 14.18 lakh for H1 FY26 (vs Rs 14.22 lakh in H1 FY25) – essentially flat. The company swung to a small profit of Rs 0.25 lakh in Q2 FY26, while H1 FY26 remained in the red at a loss of Rs 2.08 lakh (vs Rs 2.86 lakh loss in H1 FY25). Cash and equivalents improved to Rs 44.65 lakh from Rs 18.12 lakh a year earlier, though operating cash flow remained negative at Rs (11.33) lakh. The new auditor issued an unmodified (clean) limited review report.
Investors should note the mid-year auditor change and regulatory delay, both of which raise governance concerns even though the new auditor gave a clean report. The company continues to post losses at the half-year level and burns cash from operations, indicating weak core trading performance despite stable top-line numbers.