Outcome of Board Meeting held on Wednesday, May 13, 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board approved audited financial results for FY2026 showing standalone net loss of Rs. 200.07 lakhs (reduced from Rs. 405.23 lakhs loss in FY2025) and consolidated loss of Rs. 436.29 lakhs. Despite ongoing losses, operating cash flows turned positive at Rs. 1,500.33 lakhs (standalone) and Rs. 1,488.87 lakhs (consolidated). The company reported an accumulated net deficit. The Board also approved issuance of unlisted NCDs worth up to Rs. 7.28 crore on private placement and a fund-raising plan of up to Rs. 50 crore through equity/debt instruments. M/s. Girish Buthra & Co was reappointed as internal auditors for FY2026-27. Auditors issued unmodified opinions but drew attention to going concern assumptions due to accumulated deficit, a retrospective restatement of FY2025 results due to accounting policy change, and write-off of trade receivables and prior period tax balances.
The company continues to burn cash with negative book value of equity, raising substantial capital needs. NCD issuance and Rs. 50 crore fundraising plans may dilute shareholder value. Auditors' going concern emphasis signals material uncertainty about future viability despite management projections.