Un-Audited Financial Results for the quarter and half year ended on September 30, 2025.
Awaiting price reaction for this filing.
The company reported nil revenue from operations and posted a net loss of Rs. 25.82 lakhs in Q2 FY26 and Rs. 35.07 lakhs for H1 FY26, compared to a profit of Rs. 219.04 lakhs in H1 FY25 (which was driven entirely by a one-time write-back of liabilities of Rs. 233.84 lakhs under the approved IBC resolution plan). Business operations remain suspended; only administrative activities continue. The board approved a strategic pivot into beverages, including renaming the company to 'Ebravea Beverages Limited', shifting the registered office from West Bengal to Delhi, increasing authorized capital 5x from Rs. 7 crore to Rs. 35 crore, and proposing to raise up to Rs. 150 crore via QIP/preferential/rights/FPO routes. The company also advanced Rs. 905.59 lakhs for an acquisition (Oniv Beverages Private Limited). The auditor flagged several emphasis-of-matter items, including borrowings exceeding Section 180(1)(c) limits and the investment exceeding Section 186(2) limits during the quarter without prior shareholder approval (both subsequently ratified on September 30, 2025).
The stock has no operating revenue and continues to report losses and negative operating cash flow, which is a concern. However, the proposed entry into the beverages sector, the Rs. 150 crore fund raise plan, and the 5x increase in authorized capital signal a transformative relaunch — though existing shareholders face significant potential dilution. Retail investors should monitor the postal ballot results and the details of the fund raise, as these will reshape both the business and the shareholding structure.