The Board of Directors of the Company at its meeting held today i.e. Wednesday, November 12, 2025, has inter alia considered and approved the Unaudited Financial Results of the company ....
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Awaiting price reaction for this filing.
The Board of Team24 Consumer Products Ltd (formerly Kore Foods Limited) approved unaudited financial results for the quarter and half year ended September 30, 2025 on November 12, 2025. Total income from operations for Q2 FY26 stood at Rs. 12.33 lakhs, a sharp fall from Rs. 78.09 lakhs in Q1 FY26. Net profit after tax for the quarter was Rs. 7.7 lakhs (vs Rs. 21.27 lakhs in Q1 FY26). Notably, the company disclosed in Note 1 that it has 'no business, no assets and no operating income.' The company's networth declined sharply from Rs. 2,208.94 lakhs in June 2025 to Rs. 1,206.94 lakhs in September 2025. Statutory auditor V C Shah & Co issued a clean (unqualified) limited review report with no qualifications.
This filing is a significant red flag for shareholders — the company explicitly states it has no business, no assets, and no operating income, raising serious going-concern doubts. The sharp drop in networth and collapse in quarterly income suggest the stock is essentially a shell, with high risk of illiquidity, price volatility, or even delisting action by BSE.