Un-Audited Financial Results (UFR) for the first quarter ended June 30, 2025, along with the Statutory Auditors' Limited Review Report.
Awaiting price reaction for this filing.
Satiate Agri reported zero revenue from operations for Q1 FY26 (quarter ended June 30, 2025), identical to Q1 FY25. The company posted a net loss of ₹191.37 lakhs in the quarter, sharply wider than the ₹103.53 lakhs loss in Q4 FY25, with EPS at ₹(6.54) vs ₹(3.54). Total expenses stood at ₹191.37 lakhs, largely due to a ₹178.69 lakh inventory write-down. Management disclosed that company operations are halted due to a dispute, with 45.5% of closing stock damaged and at risk of further spoilage from rain. A management dispute petition (No. 7/2025) is pending before NCLT Indore, and lenders have called for debt repayment, putting the going concern status in question. The statutory auditor issued an unqualified review opinion but included an Emphasis of Matter paragraph flagging a material uncertainty on the company's ability to continue as a going concern, noting that accumulated losses have substantially eroded net worth.
This is a deeply negative filing for shareholders — operations are stalled, losses are widening, lenders are demanding repayment, and an NCLT petition is pending. The auditor's going-concern warning and net worth erosion are major red flags likely to weigh heavily on the stock and could raise delisting/risk concerns.