Un-audited financial results for quarter ended 30.06.2025.
Awaiting price reaction for this filing.
RCI Industries and Technologies Limited filed un-audited standalone and consolidated results for Q1FY26, showing a total income of just Rs 0.68 lakh against expenses of Rs 294.83 lakh. Revenue from operations was nil for the quarter, down from Rs 13.23 lakh in the year-ago period. The company reported a net loss of Rs 296.72 lakh (vs Rs 157.92 lakh loss in Q1FY25), with loss per share of negative Rs 1.89. The company has been under Corporate Insolvency Resolution Process (CIRP) since November 2022, and the NCLT approved a resolution plan from JTL Industries Ltd on October 9, 2025, which is currently being implemented under a Monitoring Committee. The auditor issued a qualified review report citing a material uncertainty on going concern, inability to verify fixed assets, equity investments in group companies, and unresolved forensic findings of suspicious transactions worth Rs 369.71 crore, along with ongoing probes by SFIO, ED, DGGST and Income Tax over alleged fake ITC of about Rs 214 crore.
Shareholders face continued uncertainty as operations remain almost completely shut (no revenue) while losses deepen; however, the approved resolution plan provides a path to revival with pre-CIRP liabilities set to be extinguished. Multiple regulatory and tax investigations, combined with a qualified auditor report, mean material risks remain unresolved and could weigh on the stock.