The Board of Directors of the company at its meeting held on November 12,2025 has considered and approved the unaudited Financial Results of the Company for the quarter ended September 30, 2025.
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The Board of Team24 Consumer Products Ltd approved the unaudited financial results for the quarter and half year ended September 30, 2025, with a clean (unqualified) review report from auditor VC Shah & Co. Total income from operations was just Rs 12.33 lakhs in Q2 FY26, sharply lower than Rs 78.09 lakhs in the corresponding quarter of last year. The company swung to a small net profit of Rs 7.7 lakhs compared to a loss of Rs 7.19 lakhs in the year-ago quarter. Paid-up equity capital stands at Rs 2,565 lakhs (face value Rs 10). Crucially, the company explicitly stated in its notes: "The Company has no business, no assets and no operating income," which is an extraordinary disclosure for a listed entity.
The note that the company has no business, no assets and no operating income is a major red flag, suggesting Team24 is effectively a shell company with negligible operations. Shareholders should view this stock (BSE: 500458) as highly speculative, and any price movement should be treated with extreme caution.