Unaudited Financial (Standalone) results for the First Quarter ended June 30, 2025.
Awaiting price reaction for this filing.
Revenue from operations fell sharply to Rs 77.36 Cr in Q1 FY26, down from Rs 141.97 Cr in Q1 FY25 — a decline of roughly 46%. Total income stood at Rs 84.64 Cr versus Rs 145.75 Cr a year ago. Profit after tax came in at Rs 16.60 Cr (vs Rs 20.36 Cr), but this includes an exceptional income of Rs 4.33 Cr; profit before exceptional items and tax was Rs 13.17 Cr vs Rs 20.37 Cr, showing weaker core operations. EPS was Rs 5.53 vs Rs 6.79. The statutory auditor issued a Qualified Conclusion, flagging multiple issues: shares are suspended on both BSE and NSE, public shareholding is below the mandatory 25%, Rs 47.65 lakh is pending transfer to the IEPF, the Fixed Assets Register is not properly maintained, and certain financial liabilities (preference shares) were not measured as required under Ind AS 109.
Negative for shareholders — sharp revenue fall, auditor qualifications, and ongoing share trading suspension signal serious concerns about governance and going-concern status. The company is also seeking NCLT approval to delist, which would mean exit liquidity is uncertain for minority holders.