Outcome of Board Meeting
Price
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Awaiting price reaction for this filing.
The Board of Tulasee Bio Ethanol Ltd approved the unaudited financial results for the quarter and half year ended 30 September 2025, along with the Limited Review Report. The company reported NIL revenue from operations in Q2 FY26, with total expenses of ₹3.26 lakhs for the quarter and ₹10.46 lakhs for H1 FY26, resulting in a loss after tax of ₹3.26 lakhs (quarter) and ₹10.46 lakhs (half year). The balance sheet shows total assets of ₹841.24 lakhs, long-term borrowings of ₹749.81 lakhs, and a wafer-thin total equity of just ₹59.34 lakhs after accumulated losses of ₹524.42 lakhs. The statutory auditor, A.C. Jhaveri & Associates, issued a clean (unqualified) limited review report with no qualifications or emphasis of matter.
The company shows signs of serious financial stress — no operating revenue, persistent losses, negative other equity, and borrowings (~12.6x equity) far exceeding equity base. Shareholders should be cautious about liquidity and going-concern risks; this is a micro-cap BSE-listed stock with very weak fundamentals.