Submission of unaudited financial results for the quarter and half year ended 30.09.2025
Awaiting price reaction for this filing.
India Infraspace Limited reported revenue of Rs 16 lakhs for H1 FY26, compared to Rs 3.81 lakhs in H1 FY25, showing a turnaround from the previous year's loss of Rs 27.31 lakhs to a profit of Rs 15.73 lakhs. The company's balance sheet shows total equity of Rs 229.71 lakhs with negative other equity of Rs 50.29 lakhs indicating accumulated losses. The auditor raised concerns about the company not maintaining mandatory audit trail features in its accounting software and inability to verify bank balances due to missing statements. Pre-operative expenses of Rs 33.19 lakhs were carried forward despite auditor's view they should be written off. The company's shares have been delisted and re-listing application is pending before SAT.
The financial results show operational improvement but auditors have flagged multiple compliance issues including going concern doubts due to delisting status and audit trail violations. These red flags may concern investors awaiting re-listing of shares.