Outcome of Board Meeting held on Wednesday, February 11, 2026.
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The board approved unaudited financial results for Q3 and nine months ended December 31, 2025. The company reported zero revenue from operations for the nine-month period (vs Rs. 115.81 lakhs in the same period last year), with total income of just Rs. 42.12 lakhs coming entirely from other income — a steep ~75% fall from Rs. 165.91 lakhs a year ago. Loss before tax narrowed to Rs. 135.07 lakhs (9M FY26) from Rs. 193.55 lakhs (9M FY25), translating to a loss per share of Rs. 39.73 for the nine months. The board also re-appointed M/s. Sandesh Kadam & Associates as Internal Auditors for FY 2025-26 at a fixed fee of Rs. 30,000. The auditor (Patkar & Pendse) issued a clean limited review report but flagged three legal matters — a Rs. 62 lakh gratuity claim dispute, Rs. 23 lakh water usage charge dispute with Maharashtra's Irrigation Department, and a Rs. 231.91 lakh Grampanchayat tax demand — as Emphasis of Matter.
Zero operational revenue and persistent losses raise serious red flags for shareholders — the confectionery business appears to have generated no sales in nine months, suggesting deep operational stress. While losses are narrowing, the company is burning cash and faces multiple legal/regulatory demands that could pressure an already weak balance sheet. Negative sentiment likely for the stock.