Outcome of Board meeting

Revenue declinedNet loss reportedResults View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-7.9%Reaction day

₹12.66

prior close

₹11.86

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.6%-8.5% vs market

Breweries & Distilleries peers, median of 24sector-0.3%-7.6% vs sector

On the reaction day the stock moved 8.5 pts less than Nifty Microcap 250 and 7.6 pts less than its Breweries & Distilleries peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.4

10m

+1.2

15m

+1.2

30m

+1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-7.9+0.6-8.5-0.3-7.6

Next day

-7.7-0.2-7.4-0.6-7.1

-17.9-0.4-17.5-1.0-17.0

-17.1-0.7-16.4-1.3-15.7

-19.5-2.2-17.3-0.8-18.7

-17.9-2.8-15.0-2.8-15.0

-18.2-1.4-16.8-3.3-14.9

15d

-11.9-7.0-4.9-10.0-2.0

-20.9-6.1-14.8-10.7-10.2

-29.4-9.2-20.1-16.2-13.2

-41.7-6.8-34.9-13.5-28.2

UpDownMarket · Nifty Microcap 250Sector · Breweries & Distilleries peers, median of 24Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The Board approved standalone unaudited financial results for the quarter and half year ended September 30, 2025. Net sales collapsed to Rs. 17.90 lakhs in Q2 FY26 from Rs. 58.17 lakhs in Q2 FY25, though total income rose to Rs. 179.01 lakhs due to higher non-operating income (Rs. 161.12 lakhs). The company posted a Q2 net loss of Rs. 50.07 lakhs and widened H1 FY26 net loss to Rs. 192.39 lakhs (vs Rs. 73.89 lakhs in H1 FY25). The auditor (SSRV & Associates) issued a clean limited review report. The Board also approved forfeiture of Rs. 21.50 lakhs on 86 lakh unexercised convertible warrants, cancelled them, and directed management to initiate legal action against four parties (Pavostar Synergies, Shree Industries, Kerala State Beverages Corp, and Viiking Beverages) to recover outstanding receivables.

Likely market impact

Persistent losses and shrinking core sales raise going-concern concerns, though the move to chase receivables via legal action could recover cash owed. Shareholders should note the share capital expanded significantly via warrant conversions, and the company's reliance on non-operating income (likely interest/treasury) to mask weak operating performance.