Unaudited Financial result for the period ended September 30, 2025
Awaiting price reaction for this filing.
The company reported zero revenue from operations for both Q2 FY26 (₹Nil) and H1 FY26 (₹Nil), against ₹548.83 lakhs in the same period last year — a complete collapse in business activity. It swung to a loss before tax of ₹10.23 lakhs for H1 FY26 from a profit of ₹144.58 lakhs in H1 FY25, with a loss after tax of ₹1.52 lakhs. Negative reserves of ₹214.58 lakhs and cash balance of just ₹0.29 lakhs point to a stressed balance sheet. The auditor flagged GST non-compliance (untimely filing and deposit) with unascertained interest and penalties, and noted reliance on management representations due to non-availability of debtor/creditor confirmations.
The 100% revenue decline and negative reserves raise serious concerns about the company's going concern status. Shareholders should expect continued stock price pressure and uncertainty until the company restarts meaningful business operations and addresses its GST compliance issues.