Dear Sir/ Madam, With reference to above subject and pursuant to Regulation 30 & 33 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Megh Mayur Infra Limited (formerly Poddar Infrastructure Limited) reported its audited financial results for FY2026 ending March 31, 2026. The company recorded zero revenue from operations for the second consecutive year, with total expenses of Rs 18.21 Lakhs resulting in a net loss of Rs 18.21 Lakhs (slight improvement from Rs 20.58 Lakhs loss in FY2025). Cash losses were Rs 18.21 Lakhs (FY2026) vs Rs 20.28 Lakhs (FY2025). The company has negative other equity of Rs 37.2 Lakhs and total assets of only Rs 76.76 Lakhs. Borrowings stand at Rs 1.69 Crores, primarily from directors and related parties. The auditors issued an unmodified opinion but highlighted that investment in Padmini Technologies Ltd is not compliant with Ind AS 109 as fair value cannot be determined due to lack of response from the investee company.
This filing signals a company with virtually no business operations and heavy reliance on related party funding. The consecutive losses and negative equity indicate severe financial distress. Investors should be cautious as the stock appears to be a shell company with minimal intrinsic value and high dependence on promoter support for survival.