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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
SVA India Limited reported an unaudited loss after tax of Rs. 24.93 lakh for Q2 FY26 and Rs. 75.08 lakh for H1 FY26 on a standalone basis, with revenue from operations appearing negligible and total income limited to Rs. 13.58 lakh (mostly other income). The statutory auditors M/s. NBS & Co resigned, which the board took note of. The auditor issued a modified review report on the consolidated results, flagging that one associate (Aussee Oats Millings) was not consolidated in violation of Ind AS 28 and Section 129(3) of the Companies Act, 2013, due to ongoing shareholder disputes. The company also paid a penalty of Rs. 1.45 lakh to BSE for late submission of results under Regulation 33. Net cash from operating activities was negative at Rs. (21.38) lakh for H1 FY26.
Multiple red flags for shareholders: worsening losses, auditor resignation mid-term, a modified audit opinion citing non-compliance with accounting standards, shareholder disputes in associate companies, and a regulatory penalty. The stock may face negative sentiment given these governance and financial concerns.