We are pleased to inform the Stock Exchange that the Audit Committee and Board of Directors at their Meeting held today, i.e. 11th August,2025 transacted the following business inter alia: -Approved ....
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Awaiting price reaction for this filing.
The Board approved the unaudited financial results for Q1 FY26 (quarter ended 30 June 2025) along with the Limited Review Report from auditors V. Singhi & Associates, who gave an un-modified opinion. Revenue from operations was nil for the quarter, with total income of just Rs. 0.24 lakh (entirely from 'other income'), down sharply from Rs. 135.04 lakh in Q1 FY25. The company reported a net loss of Rs. 13.61 lakh versus a net profit of Rs. 121.31 lakh in the same quarter last year, with basic/diluted EPS at Rs. (0.26) versus Rs. 2.35 earlier. Note 4 explicitly states there were no business operations during the quarter, and total expenses stood at Rs. 13.85 lakh.
Negative for shareholders — the company had zero operating revenue this quarter and swung from a healthy profit to a loss, indicating its core business remains dormant. Investors should watch for updates on revival of operations or any strategic restructuring, as the current trajectory is unsustainable without new income streams.