Outcome of the Board Meeting held on 14th November 2025 for considering and approving Unaudited Financial Results for the quarter and half year ended 30th September 2025
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The Board of Directors of Standard Shoe Sole and Mould (India) Ltd, held on 14 November 2025, approved the unaudited standalone financial results for the quarter and half year ended 30 September 2025, along with a limited review report by S. Daga & Co., which gave an unmodified (clean) conclusion. The company reported a net loss of Rs. 1.33 lakhs in Q2 FY26 (vs Rs. 2.86 lakhs loss in Q2 FY25) and a half-yearly loss of Rs. 6.19 lakhs (vs Rs. 10.95 lakhs loss in H1 FY25). Revenue from operations remained nil, with only minor other income of Rs. 0.99 lakhs in the quarter. The balance sheet shows negative net worth of Rs. -85.56 lakhs, with other equity deeply negative at Rs. -603.71 lakhs, while borrowings rose to Rs. 46.19 lakhs. Operating cash flow for H1 FY26 was marginally positive at Rs. 0.13 lakhs versus a Rs. 1.12 lakhs outflow last year.
For shareholders, this is a deeply concerning picture: the company is loss-making, has no operating revenue, and its accumulated losses have completely eroded its equity base, making it technically insolvent on book value. The negative net worth signals serious going-concern risk, and the stock is likely to remain under pressure despite the narrowing of losses.