Outcome of the Board Meeting held on 13.11.2025 under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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The board approved the unaudited standalone financial results for the quarter and half year ended 30 September 2025 along with the auditor's limited review report. Revenue from operations for Q2 FY26 was nil, with only ₹8.53 lakhs earned in the first half, compared to ₹29.16 lakhs for the full FY25. The company posted a small loss of ₹0.26 lakhs in Q2 but turned in a marginal profit of ₹1.68 lakhs for H1 FY26, primarily from other income (amount written back and fair value gains) rather than core operations. Cash flow from operations swung sharply negative to ₹(205.83) lakhs in H1 FY26, pulling down cash and equivalents from ₹223.54 lakhs to ₹19.68 lakhs. The auditor issued an unqualified limited review report with no qualifications or emphasis of matter.
Core business activity appears almost non-existent, with operations generating no revenue in Q2 and the small profit driven entirely by non-operating income; combined with a steep drop in cash, this raises concerns about the sustainability of the business for shareholders.