This is to inform you that the Board of Directors of the Company at its meeting held today i.e., Thursday, 14th August, 2025 have inter-alia considered and approved the followings: 1. ....
Awaiting price reaction for this filing.
The Board approved unaudited financial results for the quarter ended June 30, 2025. The company reported zero revenue from operations and zero other income, compared to Rs 127 lacs in other income in the same quarter last year. It posted a net loss of Rs 17.37 lacs (same as standalone and consolidated), with an EPS of negative Rs 0.14. Accumulated losses stand at a staggering Rs 235 crore (standalone) and Rs 261 crore (consolidated), meaning the net worth is almost completely wiped out. The company has defaulted on repayment of principal and interest on its borrowings, and its bank accounts have been declared NPA, so no interest cost is even being booked. The statutory auditor issued a qualified opinion with a material uncertainty flag on going concern for both standalone and consolidated results.
This is a serious red flag for shareholders – the company has no operating revenue, massive accumulated losses, defaulted loans and an auditor's going-concern warning, raising real questions about whether the business can continue as a going concern. Investors should treat this stock with extreme caution.