Unaudited financial results for the quarter ended 30th September 2025
Awaiting price reaction for this filing.
TMT India reported another quarter with zero revenue from operations, continuing its non-operating status. Total expenses for Q2 FY26 were negligible at Rs 0.04 lakh, resulting in a small loss of Rs 0.04 lakh for the quarter and Rs 14.78 lakh loss for the half year. The balance sheet paints a serious picture: negative other equity of Rs 1,136.61 lakhs against share capital of Rs 495.38 lakhs, with non-current borrowings of Rs 695.08 lakhs. Cash flow from operations was negative at Rs 16.72 lakhs for the half year, with cash reserves shrinking to just Rs 1.14 lakhs. The auditor's limited review report is clean with no qualifications. A note flags that 50,000 equity shares of Sree Rayalaseema Alkalies & Allied Chemicals held by the company were illegally transferred by a third party and the matter is being pursued.
The company's net worth is deeply negative and it has been running without operating revenue, relying on borrowings to cover expenses — serious going-concern red flags for shareholders despite the clean auditor's review. The stock is effectively a non-operating shell with significant debt overhang and an ongoing legal dispute over illegally transferred investments.