Submission of the Outcome of Board Meeting held on Friday, 07th November 2025.
Awaiting price reaction for this filing.
The Board approved standalone unaudited results for the quarter and half year ended 30 September 2025. Net sales for Q2 FY26 stood at Rs. 60.84 lakhs, down from Rs. 68.43 lakhs in the previous quarter and sharply lower than Rs. 171.84 lakhs in Q2 FY25. For H1 FY26, total income from operations fell to Rs. 130.04 lakhs versus Rs. 334.59 lakhs in H1 FY25, a decline of over 60%. The company reported an operating loss of Rs. 41.45 lakhs for the quarter and Rs. 76.83 lakhs for the half year, compared to Rs. 7.25 lakhs and Rs. 63.22 lakhs losses respectively in the prior year periods. EPS was negative at Rs. 0.36 for Q2 and Rs. 0.73 for H1 FY26. The auditor (KGS and Associates) issued an unmodified limited review report.
Sharp revenue contraction, widening losses, and negative operating cash flows raise concerns about the company's business trajectory, though a recent rights issue of about Rs. 2.15 crore has provided some liquidity support. Shareholders should note the persistent unprofitability and eroding net worth (reserves are negative at Rs. 3.65 crore), which may weigh on the stock in the near term.