Unaudited financial results for the quarter and half year ended September 30, 2025 attached.
Awaiting price reaction for this filing.
Univa Foods' Board approved unaudited standalone financial results for the quarter and half year ended September 30, 2025, which were also subjected to a limited review by statutory auditors B.M. Gattani & Co. with no qualifications. Revenue from operations remains negligible across all reported periods, while the company posted a loss before tax of Rs. 24.94 lakhs for H1 FY26, wider than the Rs. 0.48 lakh loss in H1 FY25. Total equity is sharply negative at roughly Rs. 35 lakhs as accumulated losses of over Rs. 153 lakhs wipe out the share capital base, while non-current borrowings stand at Rs. 965.43 lakhs, significantly higher than Rs. 718.43 lakhs at March 2025. Net cash outflow from operating activities was Rs. 25.12 lakhs in H1 FY26 versus Rs. 0.88 lakh in H1 FY25, with cash and bank balances dwindling to just Rs. 0.06 lakh. The auditor's limited review report does not flag any qualifications, and the company has only one reportable segment.
The deeply negative shareholders' equity combined with rising borrowings, negligible revenue, and continuous operating cash outflows raise serious concerns about the company's ability to continue as a going concern, which is a material red flag for shareholders. The clean limited review does not change the underlying business reality that operations have not meaningfully restarted and losses are mounting.