the Unaudited Financial Results of the Company for the quarter ended June 30, 2025, along with unaudited Financial Result from Quarter Ended June 30, 2017 till Quarter Ended March 31, 2024
Awaiting price reaction for this filing.
The board, at its meeting on August 14, 2025, approved the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025) and also filed historical unaudited quarterly results spanning June 2017 through March 2024. For Q1 FY26, the company reported nil revenue from operations and total income of just Rs. 110.60 lakhs (entirely from other operating income), with total expenses of Rs. 27.09 lakhs, yielding a profit after tax of Rs. 83.51 lakhs and EPS of Rs. 0.02. Reserves remain deeply negative at roughly Rs. 8,03,679 lakhs as of March 31, 2025, reflecting the company's tortured past. The filings also reveal that the company emerged from IBC liquidation (closure order received January 14, 2025), is now under new management, and is currently in the process of capital restructuring including a share capital reduction. A new auditor, AK Kocchar & Associates, was appointed January 23 and has explicitly disclaimed conducting standard SRE 2410 review procedures for the older (2017-2024) results.
Shareholders should note the company has essentially no operating business, extreme negative net worth, and the share capital is being restructured — all of which carry meaningful dilution/risk implications. The AGM is scheduled for September 19, 2025, where further clarity on the restructuring plan may emerge, but the stock remains a high-risk recovery story.