The Board of Directors at its Meeting held today, i.e., August 13, 2025, has inter-alia considered, approved and taken on record the Unaudited Financial Results Of The Company For The Quarter ....
Awaiting price reaction for this filing.
The Board approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025), reporting a net loss of Rs. 12.47 lakhs versus a loss of Rs. 8.74 lakhs in the same quarter last year — a sharp widening of losses. Loss per share for the quarter stood at Rs. (0.36) compared to Rs. (0.25) in Q1 FY25. The company's reserves and surplus remained deeply negative at approximately Rs. (4.77) crore as of March 31, 2025, reflecting accumulated losses. Limited review by SSRV & Associates was clean, with no qualifications raised. The Board also appointed M/s. Harsh Hiren Shah & Associates as Secretarial Auditor for a 5-year term (FY26–FY30) and approved the re-appointment of SSRV & Associates as Statutory Auditors for a second 5-year term (40th to 45th AGM), subject to shareholder approval.
Widening quarterly losses and deeply negative reserves signal continued financial stress for shareholders, raising concerns about long-term viability. However, a clean limited review report and continuity with the existing statutory auditor provide some governance stability.