Q1 FY27 results show zero revenue, wider loss; new woman director appointed
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Board met on Aug 14, 2026 and approved Q1 FY27 unaudited results. Standalone revenue was nil with a net loss of Rs 219.64 lakhs (versus Rs 202.04 lakhs loss in Q1 FY26); EPS at minus 0.17. Consolidated revenue was nil versus Rs 503.13 lakhs earlier, with net loss of Rs 5,115.92 lakhs (EPS minus 4.04). Two key subsidiaries are under NCLT insolvency process and Indian Bank has filed an IBC Section 7 petition alleging default of Rs 35.63 crore, pending admission. Board also appointed Mrs Aradhana Nayak as Independent Woman Director for five years.
Severe distress signals persist: nil revenue, mounting losses, pending IBC petition and subsidiary insolvency weigh heavily on shareholders and the stock.