The Un-Audited Financials Results of the Company for the quarter and nine months ended on December 31, 2025 as approved by the Board of Directors of the Company at their meeting held today, ....
Awaiting price reaction for this filing.
SRM Energy Limited reported zero revenue from operations for both Q3 FY26 and the nine-month period ended December 31, 2025, with total income of only Rs. 3.77 lakhs coming from other income. The company posted a loss after tax of Rs. 9.80 lakhs for the quarter and Rs. 161.53 lakhs for nine months, compared to Rs. 11.55 lakhs and Rs. 28.88 lakhs respectively in the prior year periods, showing losses have deepened sharply (over 5x for nine months). The company's net worth is fully eroded (negative other equity of Rs. 1,316.23 lakhs against equity capital of Rs. 906 lakhs), and it is currently undergoing an acquisition process via an open offer by prospective acquirers. The statutory auditor (Rajat Associates) issued a Qualified Opinion with material uncertainty on going concern and also flagged an Emphasis of Matter regarding unpaid employee salary dues of Rs. 24.43 lakhs.
Negative for shareholders — the company has no active business, continues to bleed cash, net worth is fully eroded, and the auditor has raised serious doubts about its ability to continue as a going concern without financial support from its parent (Spice Energy Private Limited) or the prospective acquirer. The stock remains a high-risk penny-tier name with survival dependent on the ongoing acquisition process.