Unaudited Financial Results for the quarter and half year ended 30.0.2025 with the Limited Review Report thereon.
Awaiting price reaction for this filing.
Longview Tea Company reported weak H1 FY26 results with total income falling to Rs. 171.08 lakhs from Rs. 330.52 lakhs in H1 FY25, a drop of nearly 48%. Net profit for the half year was Rs. 28.30 lakhs versus Rs. 83.84 lakhs in the same period last year, while Q2 standalone PAT was just Rs. 3.11 lakhs versus Rs. 25.75 lakhs a year ago. The statutory auditor (V. Singhi & Associates) issued a Disclaimer of Conclusion, stating they could not obtain sufficient evidence due to non-cooperation by the previous (erstwhile) management, who have not handed over books and records. Ongoing NCLT proceedings under Sections 241/242 of the Companies Act, a Section 206 show-cause notice from the Registrar of Companies, and BSE listing status under 'Suspension' further cloud the company's position. Related-party loans exceed 50% of total assets and lack confirmations, and the company incurred Rs. 21.57 lakhs in BSE penalties.
This is highly negative for shareholders — the auditor's disclaimer means the numbers cannot be relied upon, and ongoing NCLT proceedings, listing suspension, and unresolved related-party loans point to serious governance and solvency risks. Investors should expect high uncertainty around the stock and the company's future operations.