Board Considered and approved the Un-audited financial result for the quarter and half year ended 30/09/2025
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The board of Thakral Services India Ltd approved unaudited financial results for the quarter and half year ended September 30, 2025, on November 12, 2025. Revenue from operations for Q2 stood at around Rs. 623 lakhs, sharply lower than Q1 FY26 (around Rs. 7,433 lakhs). The company continues to report losses, with total comprehensive income negative for the period. Net worth is fully eroded at negative Rs. 534.71 lakhs, against paid-up equity capital of Rs. 352.05 lakhs. The statutory auditor (K.S. Rao & Co.) issued a qualified conclusion citing two issues: an EPFO recovery order of Rs. 60.36 lakhs (under interim stay) and non-compliance with Ind AS 109 accounting for interest-free loans of Rs. 807.41 lakhs. Operating cash flow was negative at Rs. (19.72) lakhs for the period. The company's main business was transferred to Thakral Innovation Pvt Ltd effective October 1, 2023.
Significant red flags for shareholders — qualified auditor conclusion, fully eroded net worth, accumulated losses of Rs. 1,286.76 lakhs, and an explicit going concern uncertainty. Stock may face selling pressure as the auditor has flagged material doubt about the company's ability to continue as a going concern.