Submission of Outcome of Board meeting of the company along with Un-Audited financial results and LLR for the Quarter and nine months ended 31st December, 2025
Awaiting price reaction for this filing.
TMT India Ltd's board approved its unaudited financial results for the quarter and nine months ended 31 December 2025. The company reported zero revenue from operations for the period, with only Rs. 3.01 lakhs of 'other income' recorded in Q3 FY26. Total expenses stood at Rs. 6.89 lakhs in the quarter and Rs. 18.17 lakhs for the nine-month period, resulting in a net loss of Rs. 3.88 lakhs for Q3 and Rs. 15.16 lakhs for 9M FY26, narrower than the Rs. 21.66 lakhs loss in 9M FY25. The auditor issued an unmodified limited review report, but a note flags that 50,000 equity shares held in Sree Rayalaseema Alkalies & Allied Chemicals Ltd were illegally transferred by a third party, and the matter is being pursued legally. EPS stood at Rs. -0.08 for the quarter.
The company continues to have no operational revenue and is sustaining losses, making it effectively dormant from a business standpoint, which is a red flag for shareholders. The illegal transfer of investments adds further risk, though the narrowing year-on-year loss is a marginal positive.