Outcome of the Board Meeting and Disclosure of Un-audited financial results for the Third Quarter and Nine Months ended December 31, 2025 pursuant to Regulation 33 read with Regulation ....
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Awaiting price reaction for this filing.
The board approved unaudited standalone and consolidated financial results for Q3 FY26 and nine months ended December 31, 2025. On a standalone basis, revenue from operations was negligible at Rs 0.70 lakhs for the quarter, while the company posted a loss of Rs 19.19 lakhs in Q3 and Rs 55.19 lakhs for the nine months (versus a Rs 50.24 lakh loss a year ago). On a consolidated basis, revenue jumped to Rs 256.41 lakhs in Q3 (from Rs 0.19 lakhs a year ago), driven by subsidiaries Rasvat Food Specialities and Celest Hospitalities, but the company still reported a loss of Rs 31.60 lakhs for Q3 and Rs 82.03 lakhs for 9M, though the nine-month loss narrowed from Rs 116.79 lakhs last year. Reserves remain negative at Rs -159.90 lakhs, indicating accumulated losses exceeding paid-up capital. The statutory auditor (NSVR & Associates LLP) issued an unqualified limited review report.
The stock is likely to remain under pressure — standalone business is barely operational with widening quarterly losses and negative reserves, while consolidated losses persist despite revenue growth from new subsidiaries. Shareholders should watch for signs of a turnaround from the subsidiaries or further capital infusion.