Unaudited financial Results for the 3rd quarter and nine months ended December 31, 2025, both on standalone and consolidated basis.
Awaiting price reaction for this filing.
The board approved unaudited financial results for Q3 and nine months ended December 31, 2025 on both standalone and consolidated basis. The statutory auditor M/s A B C D & Co LLP flagged a 'Material Uncertainty Related to Going Concern' on both standalone and consolidated results, noting that the company and group have incurred losses and net worth has been fully eroded. On the consolidated side, the auditor issued a qualified conclusion because, at two subsidiaries, liabilities of about Rs 375.50 lakhs lacked supporting evidence and Rs 1,125 lakhs of liabilities were written back to income in prior years without corroboration, leaving audit impact on losses and shareholders' funds uncertain. An additional emphasis-of-matter was raised for a subsidiary's foreign currency transactions and balances outstanding beyond the RBI/FEMA-permitted period, with annual filings under those rules still pending. Another subsidiary, SEI Tejas Private Limited, had its results prepared on a liquidation basis as its net worth is fully eroded.
This is a serious red flag for shareholders — losses have wiped out the company's net worth, the auditor is questioning the ability to continue as a going concern, and there are unresolved liability and FEMA compliance issues at subsidiaries, all of which can weigh on the stock and signal elevated credit and operational risk.