The results have been attached herewith.
Awaiting price reaction for this filing.
The board approved standalone and consolidated unaudited financial results for the quarter and half year ended September 30, 2025. The company, which was admitted into the Corporate Insolvency Resolution Process (CIRP) in September 2019, had its Resolution Plan approved by NCLT on March 4, 2025, and new management took over in March–April 2025. Standalone turnover was Rs 0.00 lakhs (zero revenue) with a net loss of Rs 12.02 lakhs (EPS of Rs -2.40). Consolidated results showed total income of Rs 0.00 lakhs and a net loss of Rs 19.42 lakhs (EPS of Rs -3.88). The statutory auditor, M/s DD Shah Patel & Co., issued a 'Disclaimer of Conclusion' on both sets of results, as it could not obtain sufficient evidence for transactions, assets, and liabilities from the period before the Resolution Plan was implemented. Cash and cash equivalents fell to Rs 2.54 lakhs (standalone) from Rs 16.47 lakhs, with negative operating cash flow of Rs 37.65 lakhs.
This is a high-risk situation for shareholders. The company emerged from insolvency only recently but continues to post zero revenue, losses, and negative operating cash flow. The auditor's disclaimer means the financial statements are essentially unverifiable, which severely limits confidence in the reported numbers. Investors should treat this stock with extreme caution.