Unaudited Financial Statement for the Period Ended September 30, 2023
Awaiting price reaction for this filing.
The board re-adopted unaudited financial results for eight quarters spanning September 2023 to June 2025 (originally approved on 24/08/2025), with the Limited Review Report issued by AKPS & Co. For Q2 ended September 30, 2023, the company reported zero revenue from operations (vs Rs 0.40 lakh in the same quarter of the previous year) and a net loss of Rs 0.25 lakh. The company explicitly stated that no business activity was performed during the reporting period. For the half-year ended September 30, 2023, cash used in operating activities was negative at Rs (20.07) lakh, though overall cash and bank balances rose to Rs 2.57 lakh from Rs 0.51 lakh, aided by equity proceeds of Rs 201.49 lakh. Non-current borrowings dropped sharply from Rs 206.60 lakh to Rs 26.95 lakh. The auditor's review report was unqualified, with no qualifications or emphasis of matter.
The company is effectively dormant with no operating revenue and recurring small losses plus negative operating cash flow, which is a weak signal for shareholders. The late re-adoption of results nearly two and a half years after the period end raises corporate governance and filing-compliance concerns but does not directly hit share price in the short term.