Outcome of Board Meeting
Price
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Awaiting price reaction for this filing.
The Board approved unaudited results for Q2 FY26 and H1 FY26. Revenue from operations collapsed to just Rs 8.89 lakhs in Q2 FY26 versus Rs 96.00 lakhs in Q2 FY25 — a year-on-year drop of over 90%. The company swung back to a loss of Rs 6.06 lakhs in Q2 FY26 from a profit of Rs 5.85 lakhs in Q2 FY25, and H1 FY26 PAT was a small loss of Rs 0.69 lakh versus a profit of Rs 25.25 lakhs a year ago. Operating cash flow turned negative at Rs (6.68) lakhs for H1 FY26, compared with a positive Rs 26.74 lakhs in H1 FY25. Most critically, the balance sheet shows Other Equity at a negative Rs 541.07 lakhs versus paid-up capital of Rs 494.58 lakhs, leaving shareholders' funds in the red (negative net worth), with cash on hand shrinking to just Rs 0.92 lakhs.
These results point to serious financial distress — a near-total revenue collapse, return to losses, negative operating cash flow, and insolvent shareholders' equity are classic going-concern red flags. Shareholders should brace for sharp negative price reaction and elevated risk; the company appears reliant on fresh funding or asset support to continue as a going concern.