The Un-audited Financial results of the Company along with Limited Review Report for the Quarter ended 31st December, 2025.
Awaiting price reaction for this filing.
The Board approved the unaudited standalone and consolidated financial results for Q3 FY26 (quarter ended 31 December 2025) along with the Limited Review Report. On a standalone basis, the company reported a net profit of Rs. 1.05 lakhs for the quarter against a loss of Rs. 30.11 lakhs in the same quarter last year; for nine months FY26, net profit was Rs. 21.63 lakhs versus a loss of Rs. 119.62 lakhs in nine months FY25, showing a turnaround driven mainly by other income. Revenue from operations remained very small (Rs. 65 lakhs for the quarter). The auditor issued a qualified opinion flagging non-compliance with IND AS 19 on employee gratuity (no actuarial valuation done), inability to verify Foreign Currency Convertible Bond balances due to missing original documents, and outstanding TDS demands of Rs. 16.96 lakhs. The auditor also drew an Emphasis of Matter on a BSE notice proposing suspension of trading from 2 March 2026 due to non-compliance with SEBI LODR Regulation 17(1) for prior quarters. Multiple tax disputes remain open, including a Rs. 1,204 lakh income-tax demand (AY 2016-17), a Rs. 341.80 lakh GST demand, FEMA proceedings, and ongoing SEBI adjudication with a Rs. 25 lakh penalty.
The proposed BSE trading suspension from 2 March 2026 is a serious overhang - shares could become illiquid if the company does not rectify board-composition compliance under LODR quickly. The qualified audit opinion and the pile of tax/GST/FEMA contingent liabilities add to investor risk, even though headline profitability has improved from a year-ago loss.