Submission of Outcome of Board Meeting held on 11th February, 2026.
Awaiting price reaction for this filing.
The Board of I-Power Solutions India approved its standalone unaudited results for Q3 FY26 (quarter ended 31 December 2025) and the nine months ended that date. The company reported zero revenue from operations across all reported periods, with total revenue of just ₹3.32 lacs in Q3 FY26 (down from ₹7.30 lacs in Q2 FY26) coming entirely from 'other income'. Loss after tax widened to ₹24.67 lacs in Q3 FY26 versus ₹8.53 lacs in Q3 FY25, and stood at ₹30.73 lacs for 9M FY26 (vs ₹18.33 lacs loss in 9M FY25). Total expenses surged to ₹47.98 lacs in Q3 FY26, driven largely by a ₹41.39 lacs mark-to-market loss on investments and ₹4.13 lacs in other administrative costs. EPS was deeply negative at (₹0.81) basic for the quarter. Paid-up share capital rose to ₹589.90 lacs (from ₹443.90 lacs a year earlier), indicating an equity infusion, which lifted reserves into positive territory at ₹17.51 lacs (vs negative ₹53.05 lacs as of March 2025). The statutory auditor issued a clean (unmodified) limited review report.
For shareholders, this is concerning: the company has no operating revenue, losses are deepening, and quarterly performance remains weak. However, the recent equity raise has strengthened the balance sheet and turned reserves positive, while the clean auditor report removes near-term red flags on reporting quality.