Unaudited Financial Results for the Quarter and Half Year ended on September 30 2025 along with limited review Report
Awaiting price reaction for this filing.
Aditya Forge Ltd reported zero revenue from operations for both Q2 FY26 (₹0) and H1 FY26 (₹0), compared with ₹10.92 lakhs in Q2 FY25 and ₹326.06 lakhs in H1 FY25 — effectively no business activity. The company posted a loss after tax of ₹1.55 lakhs in Q2 FY26 and ₹6.26 lakhs in H1 FY26, against a profit of ₹961.69 lakhs and ₹800.82 lakhs respectively in the prior-year periods. Other income, which had propped up profits earlier (₹998.90 lakhs in Q2 FY25), is now nil. The balance sheet shows deeply negative reserves of ₹(791.57) lakhs against share capital of ₹430.86 lakhs, long-term borrowings of ₹372 lakhs, and just ₹1.02 lakhs in cash. The auditor issued a qualified opinion, noting that balance confirmations for trade receivables, trade payables, and loans/advances were not provided.
The company has no operating revenue, mounting losses, negative net worth, and minimal cash — raising serious going-concern concerns for shareholders. The auditor's qualified opinion over unconfirmed balances adds further governance red flags, making this a high-risk situation for retail investors.