Unaudited Financial Results for the Quarter and Half Year Ended September 30, 2025 along with Limited Review Report thereon.
Awaiting price reaction for this filing.
Shamrock Industrial Company Ltd reported unaudited results for the quarter and half year ended September 30, 2025, showing zero revenue from operations and widening losses. The company posted a net loss of Rs 31.67 lakh for Q2 FY26 (vs Rs 2.24 lakh loss in Q2 FY25) and Rs 43.27 lakh for H1 FY26 (vs Rs 7.75 lakh in H1 FY25). Total expenses were almost entirely driven by other operating expenses of Rs 41.92 lakh in H1. Negative reserves (accumulated losses) have grown to Rs 425.69 lakh, while share capital stands at Rs 542.84 lakh and cash is just Rs 0.13 lakh. During the quarter, there was a change in control — existing promoters transferred their stake to new acquirers under an open offer, and management changed. Separately, statutory auditor M/s. Devpura Navlakha & Co resigned citing pre-occupation with other commitments, though they did issue the limited review report for Q2 before exiting.
This is a deeply concerning filing for shareholders: zero revenue, mounting losses, near-depleted cash, negative reserves approaching share capital, a mid-year auditor exit, and a change in control with new management taking over. Investors face significant uncertainty about the company's business direction and viability going forward.