Quarterly results show erased net worth amid ongoing insolvency case

Nclt Insolvency AdmittedCourt Stay ObtainedRegulatory & Legal View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-5.1%Reaction day

₹12.22

prior close

₹11.70

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+0.5%-5.5% vs market

On the reaction day the stock moved 5.5 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

-5.1+0.5-5.5

Next day

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AI summary

The interim resolution professional recorded unaudited standalone results for June 2025 quarter. Auditors gave a qualified opinion: net worth is fully erased, cash losses persist and going concern is uncertain. Unprovided bank interest was Rs 8,360.27 lakh for the quarter and Rs 183,389.90 lakh cumulative. Cane interest claims were Rs 12,163.25 lakh. NCLT admitted insolvency in July 2024; NCLAT stay continues, with next hearing October 29, 2025.

Likely market impact

Results understate losses and liabilities. With net worth erased and the NCLAT stay in place, shareholder value remains highly uncertain.