Outcome of Board Meeting held on Tuesday, November 4, 2025.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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The board approved unaudited standalone and consolidated results for Q2 and H1 FY26 (ended September 30, 2025). Standalone revenue from operations fell sharply to Rs 187.27 lakhs from Rs 275.03 lakhs in Q2 FY25, while standalone PAT swung to a loss of Rs 181.18 lakhs from a profit of Rs 2,426.10 lakhs YoY. H1 FY26 standalone PAT was a loss of Rs 290.75 lakhs versus a profit of Rs 2,465.87 lakhs last year. Consolidated Q2 loss was wider at Rs 344.86 lakhs (vs profit of Rs 2,420.10 lakhs). The company booked an exceptional loss of Rs 58.56 lakhs due to sundry balances and lapsed MAT credit written off. Operating cash flow (standalone) was negative at Rs (73.51) lakhs for H1, though consolidated operating cash flow was positive at Rs 804.88 lakhs.
Shareholders face a sharp swing to losses, falling revenues, and a significant contingent liability of Rs 6,627.20 lakhs from the Axis Bank DRT recovery certificate against subsidiary KCTPL, which remains sub-judice. The auditor's qualified review citing multiple unresolved matters (SWPL shareholding dispute, unconverted CCPS, service tax issues) adds governance risk and could weigh on the stock.