Intimation regarding Appointment of Director and Chief Financial Officer.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board appointed Mr. Abhijeet Goswami (DIN: 09625519) as Additional Non-Executive Director and simultaneously as Chief Financial Officer (CFO), both effective November 1, 2025 — one person holding both roles. The company also submitted its unaudited Q2 FY26 results (quarter and half-year ended September 30, 2025), reporting zero revenue from operations and a net loss of Rs. 2.25 lakh for the quarter (Rs. 7.37 lakh for H1 FY26, slightly improved from Rs. 7.50 lakh loss in H1 FY25). The balance sheet remains weak: total equity is negative at Rs. 243.43 lakh with reserves of negative Rs. 1,082.84 lakh against equity capital of Rs. 839.41 lakh, and cash has dropped to just Rs. 2.03 lakh. Management explicitly noted in the results that the company 'has huge accumulated losses' and 'is not carrying on any gainful economic activities.' The statutory auditor J M Parikh & Associates issued a clean limited review report with no qualifications.
Suvidha Infraestate remains a non-operating, loss-making shell with negative net worth and no business activity, as acknowledged by management itself. Combining the Director and CFO roles in one individual is a governance red flag often seen in small, closely-held companies. Shareholders should view this as a low-priority, high-risk stock with little near-term operational visibility.