Results-Financial Results for the quarter and year ended March 31, 2026
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The company reported a net loss of Rs. 486.54 lakhs for FY26, significantly worse than the loss of Rs. 202.70 lakhs in FY25. Total income dropped to Rs. 61.13 lakhs from Rs. 241.31 lakhs in the prior year, a decline of about 75%. The company is essentially inactive as both its sugar factory (sold in 2018) and confectionery business (sold in FY24) have been discontinued. Revenue from operations is nil with only other income of Rs. 19.01 lakhs in Q4. EPS for FY26 stands at negative Rs. 143.10 per share. The auditor issued an unmodified (clean) opinion on the financial statements. Deferred tax assets of Rs. 458.96 lakhs were recognized, and total equity declined from Rs. 1,509.09 lakhs to Rs. 1,017.87 lakhs.
The stock is essentially a shell with no operating business, generating losses while burning through equity. Shareholders face continued value erosion with no clear turnaround path visible from the filing.