The Board of Directors in their meeting held on May 29, 2025, approved the Financial Results for the Quarter and Year Ended March 31, 2026 along with Independent Audit Report thereon
Awaiting price reaction for this filing.
The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026. Revenue from operations grew significantly to Rs 253.32 lakhs from Rs 148.63 lakhs in the previous year, representing approximately 70% growth. However, the company continues to incur losses with a net loss of Rs 30.95 lakhs for the year (vs Rs 25.91 lakhs loss in FY25). Other equity stands at negative Rs 148.62 lakhs, indicating accumulated losses. The auditors from Vinod Kumar Jain & Co. issued an unqualified opinion stating the financial results give a true and fair view in accordance with IND-AS. Operating cash flow was negative at Rs 51.64 lakhs for the year. The company's net worth appears to be severely eroded.
The company is loss-making with negative shareholder funds, raising serious concerns about its ability to continue as a going concern. Despite revenue growth, persistent losses and negative operating cash flow are red flags for investors.