The Board of the 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 ....
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Awaiting price reaction for this filing.
Team24 Consumer Products Ltd (formerly Kore Foods) filed revised unaudited results for Q2 and H1 FY26. Total income from operations collapsed to Rs. 12.33 lakhs in Q2 FY26 from Rs. 78.09 lakhs in Q2 FY25, an ~84% year-on-year decline. Net profit after tax fell to Rs. 7.7 lakhs from Rs. 22.7 lakhs in the year-ago quarter. For the half-year, total income was just Rs. 7.77 lakhs versus Rs. 135.56 lakhs in H1 FY25. A notable disclosure states 'The Company has no business, no assets and no operating income.' Operating cash flow for H1 was negative at Rs. -9.71 lakhs. The company remains debt-free with cash of about Rs. 1.27 crore. The auditor (V C Shah & Co) issued a clean, unqualified review report.
This is a red flag filing for retail investors — the company itself admits it has no business, revenues have collapsed, and operating cash flow is negative. Despite zero debt and cash on the balance sheet, the lack of any operating activity raises serious going-concern questions for shareholders.