Unaudited Quarterly Financial Results as on 30th June 2025
Awaiting price reaction for this filing.
Techindia Nirman Ltd reported near-zero operations for Q1 FY26 with revenue from operations at Rs 0 and total income at Rs 0, resulting in a small loss of Rs 3.48 lakhs and a negative EPS of Rs 0.10. The company is currently under Corporate Insolvency Resolution Process (CIRP) initiated by NCLT on 2 January 2025 on a petition by Agritech India Limited for recovery of dues of Rs 6,435.93 lakhs, and an Insolvency Professional now manages the company. The statutory auditors (Gautam N Associates) issued a qualified/modified opinion, flagging that interest liability of Rs 292.12 lakhs has not been provided for, going concern assumptions are questionable, and recoverability of Rs 5,334.62 lakhs in advances (including to a related party, Nath Biotechnologies) cannot be confirmed. The Board also appointed a new secretarial auditor for five years and fixed the AGM for 26 September 2025.
Shareholders should view this filing as a serious distress signal: operations have effectively halted, the company is in insolvency proceedings, and the auditors have qualified the results on multiple grounds including going concern. The stock is likely to remain under heavy pressure and faces uncertainty around any recovery of shareholder value until the CIRP is resolved.