The Board of Directors of the company at their meeting Today, i.e., 13th August, 2025 has approved 1) Unaudited Standalone Financial results of the company for the quarter ended June 30, ....
Awaiting price reaction for this filing.
B J Duplex Boards reported nil revenue from operations and nil other income for Q1 FY26, marking the fourth consecutive period with zero income. The company posted a net loss of Rs. 8.64 lakhs, slightly wider than the Rs. 7.60 lakh loss in Q4 FY25 and the Rs. 6.77 lakh loss in Q1 FY25. Total expenses stood at Rs. 8.64 lakhs, mainly employee costs (Rs. 0.98 lakh), finance costs (Rs. 1.56 lakh) and other expenses (Rs. 6.10 lakh). Reserves are negative at Rs. (224.08) lakhs, indicating fully eroded net worth. Note 4 in the results explicitly flags accumulated losses, current liabilities exceeding current assets, and doubts about the going concern assumption. Separately, there was a change in control with Prabhatam Investments and Mayank Gupta acquiring 68.58% of paid-up equity through fresh allotments in March 2025.
This is a deeply negative filing for existing shareholders — the company has no operating revenue, is loss-making, has negative reserves, and the auditor has highlighted a material going concern uncertainty. For the stock, this signals very high risk; any investment thesis depends entirely on whether the new promoters (who just took control) can revive operations.