Board considered and approved the unaudited financial results for the quarter ended 31/12/2025

Going-concern doubtQualified audit opinionEmphasis of matterResults View source PDF Explain this filing

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₹12.10

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Nifty Microcap 250market · in no size index; the smallest one is used-1.5%-4.8% vs market

Industrial Products peers, median of 119sector-1.4%-4.9% vs sector

On the reaction day the stock moved 4.8 pts less than Nifty Microcap 250 and 4.9 pts less than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Thakral Services India's board approved unaudited financial results for Q3 FY26 (quarter ended Dec 31, 2025) and the nine-month period. The results reveal a company under significant financial stress: accumulated losses stand at Rs. 1,283.60 Lakhs and net worth is fully eroded. The current business was already transferred to group entity Thakral Innovation Pvt Ltd from October 2023, and management cites future new business prospects plus shareholder support letters to justify going-concern status. The statutory auditor issued a qualified review report, flagging an EPFO recovery order of Rs. 60.36 Lakhs (partially stayed) and interest-free loans of Rs. 811.40 Lakhs not accounted as per Ind AS 109.

Likely market impact

Multiple red flags for shareholders — qualified auditor opinion, explicit going-concern doubt, fully eroded net worth, and reliance on a transferred business and shareholder support letters for survival. This is a high-risk, small-cap situation and the stock may face continued pressure until the new business plan delivers tangible results.