The Un-Audited Financial Results of the Company for the first quarter ended June 30, 2025,
Awaiting price reaction for this filing.
The Board approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). The company reported zero revenue from operations and only other income of nil, against total expenses of ₹1.23 lakh, leading to a loss after tax of ₹1.23 lakh (EPS of ₹0.00). For comparison, the full FY25 had revenue from operations of nil and a massive loss of ₹7,237.38 lakh driven by exceptional items of ₹6,008.32 lakh. The filing confirms the company emerged from the IBC/CIRP process under an approved Resolution Plan — State Bank of India and Bank of India issued No Dues Certificates in March 2025, and share capital reduction and fresh allotment are currently underway. A limited review (clean/unmodified) was issued by the statutory auditor K P J & Co. Additionally, Mr. Ankit Kumar Soni (FCA) was appointed as an Independent Director for a 5-year term.
For shareholders: The company has effectively no operating business yet, with only nominal expenses. While debt clearance under the Resolution Plan is positive, operational revival remains uncertain. The pending share capital reduction and re-allocation will dilute or restructure existing shareholdings, so investors should track the post-resolution business plan closely before taking fresh exposure.