BSEJTL Defence LtdMinimalNeutral
Announced Wed, 3 Sept · 14:25 IST

Submission of Newspaper Cuttings of Publication of Un- Audited Financial results for Quarter-3 ended December 31, 2025

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

RCI Industries & Technologies Ltd filed copies of newspaper advertisements (Financial Express and Jansatta, dated September 2, 2025) publishing its unaudited consolidated financial results for the quarter and nine months ended December 31, 2022, as required under SEBI LODR Regulations. For Q3 FY23, revenue from operations stood at Rs 566.59 lakhs and net loss after tax was Rs 383.51 lakhs; for the nine-month period, revenue was Rs 2,178.07 lakhs against a net loss of Rs 1,086.94 lakhs. The company has been under the Corporate Insolvency Resolution Process (CIRP) since November 25, 2022, initiated by Standard Chartered Bank Singapore, with Brijesh Singh Bhadauriya as Resolution Professional. The filing notes that the company's net worth is fully eroded, casting doubt on its ability to continue as a going concern, though revival through CIRP is expected. The 27th Annual General Meeting has been scheduled for September 25, 2025 via video conferencing.

Likely market impact

This is a procedural compliance filing (newspaper publication) rather than fresh news, but it confirms the company remains deep in insolvency proceedings with continued heavy losses and fully eroded net worth. Shareholders face material uncertainty over value recovery under CIRP, and the stock (BSE: 537254) continues to carry high risk.