OUTCOME OF BOARD MEETING
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Awaiting price reaction for this filing.
The Board approved the unaudited financial results for the quarter and half-year ended 30 September 2025, along with a Limited Review Report from statutory auditors M/s. C Ramachandram & Co (clean/unqualified review). Net Sales for H1 FY26 stood at Rs. 7,177.46 lacs vs Rs. 5,457.02 lacs in H1 FY25, a growth of about 31%. However, the company continues to report losses, with a loss after tax of Rs. 1,171.33 lacs in H1 FY26, though narrower than Rs. 2,527.64 lacs in H1 FY25. Total Equity on the balance sheet is deeply negative at Rs. (2,305.64) lacs as of 30 September 2025, against negative Rs. (1,134.32) lacs at FY25 end, indicating accumulated losses have eroded net worth. Operating cash flow was also negative at Rs. (53.53) lacs for H1 FY26. The filing also includes detailed Related Party Transaction disclosures covering remuneration, rent, vehicle hire, commission, loans and services.
Despite encouraging revenue growth and narrowing losses, the deeply negative shareholder equity signals serious financial stress and raises going-concern worries, which is likely to weigh on the stock despite any operational improvement. The extensive related-party transactions and ongoing cash burn warrant close scrutiny by retail investors.