Submission of Revised Outcome for the Board Meeting held on 14th November 2025
Awaiting price reaction for this filing.
The Board approved unaudited standalone financial results for Q2 FY26 (quarter ended 30 September 2025). Revenue from operations was nil and total income was zero, against a loss of ₹10.89 lakh for the quarter and ₹17.08 lakh for H1 FY26, widening from ₹14.02 lakh loss in H1 FY25. The company's networth is negative at ₹(81.69) lakh as on 30 Sept 2025, with accumulated losses of ₹686.12 lakh. The Board also approved an in-principle proposal to change the company's name to 'Goodies International Ltd', subject to shareholder and MCA approvals. Two directors resigned (Mr Sivadas Chettoor on health grounds and Mrs Indu Kamala Ravindran due to professional commitments), and Mr Swaroj Kumar Choudhury was appointed as an Additional Independent Director for five years. The auditor (M/s Mahesh C Solanki & Co) issued an unmodified review opinion, and a separate declaration confirms unmodified opinion on FY25 audited results.
This is a serious red flag for shareholders: the company has zero operating revenue, consecutive widening losses, and fully eroded negative networth, with management itself acknowledging dependence on promoter fund infusion and fresh capital to continue as a going concern. The proposed name change and board reshuffle signal a potential business pivot, but until actual revenue and capital infusion materialise, the stock carries significant risk.