This is to inform you that the Board of Directors of the Company, in their Meeting held on November 14, 2025, at the registered Office of the Company which commenced at 04:00 P.M. and concluded ....
Awaiting price reaction for this filing.
Aditya Forge Ltd's Board, meeting on November 14, 2025, approved unaudited standalone financial results for Q2 FY26 (quarter ended September 30, 2025). The company reported zero revenue from operations and zero other income for the quarter, against Rs. 10.92 lakhs and Rs. 998.90 lakhs respectively in Q2 FY25. The company posted a loss of Rs. 1.55 lakhs in Q2 FY26, compared to a profit of Rs. 961.69 lakhs in the year-ago quarter. For H1 FY26, the company reported a loss of Rs. 6.26 lakhs versus a profit of Rs. 800.82 lakhs in H1 FY25. The statutory auditor (MAAK & Associates) issued a qualified opinion, noting that balance confirmations for trade receivables, trade payables, and loans/advances were not provided, preventing verification. The balance sheet shows negative other equity of Rs. 791.57 lakhs, long-term borrowings of Rs. 372 lakhs, and cash balance of just Rs. 1.02 lakhs.
This is a significant red flag for shareholders — the company is reporting zero operating revenue, mounting losses, deeply eroded shareholder equity (negative reserves), and near-depleted cash. The auditor's qualified opinion adds to governance concerns. The stock is likely to come under selling pressure, and the long-term viability of operations is in question.