The Board of Directors of the Company at their meeting held on Monday, August 11, 2025, have approved the Unaudited Financial Results of the Company for the quarter ended on 30th June, 2025.
Awaiting price reaction for this filing.
Harmony Capital Service Ltd's board approved its unaudited Q1 FY26 results on 11 August 2025. The company reported zero revenue from operations and zero other income for the quarter, continuing a pattern seen in prior periods. Total expenses of Rs. 1.08 lakh resulted in a loss after tax of Rs. 1.08 lakh for the quarter, compared to a loss of Rs. 11.07 lakh in Q1 FY25 and Rs. 19.32 lakh in Q4 FY25. Paid-up equity capital stands at Rs. 300.09 lakh, but other equity is deeply negative at Rs. (165.95) lakh, indicating accumulated losses have wiped out reserves. The statutory auditor (Kapish Jain & Associates) issued an unmodified limited review report with no qualifications or emphasis of matter.
This is a negative signal for shareholders — the company has no revenue, is making recurring losses, and its net worth (excluding share capital) is negative. Investors should view this as a potential going concern issue, as the company appears unable to generate operating income to cover even minimal expenses.