Unaudited Results 30.06.2025
Awaiting price reaction for this filing.
The company posted revenue from operations of Rs. 10.24 lakhs in Q1 FY26, down from Rs. 11.80 lakhs in the same quarter last year. Total expenses of Rs. 119.25 lakhs swamped revenue, widening the net loss to Rs. 93.55 lakhs versus Rs. 81.93 lakhs in Q1 FY25; basic EPS was negative at (Rs. 0.002). The auditor issued a 'Qualified Conclusion' with multiple qualifications on issues including unprovided impairment on intangible assets worth Rs. 126 crores, a disputed overseas bank balance of Rs. 34.79 crores, doubtful loans and advances of Rs. 222 crores, and unpaid ROC fees. Both NSE and BSE have issued show-cause notices for potential delisting of equity shares, the company has not held AGMs for FY 2022-23 and 2023-24, shareholding patterns and annual reports are pending, listing fees are unpaid, and a SEBI penalty of Rs. 25 lakhs (reduced from Rs. 10 crores) remains unpaid.
This is a deeply distressed small-cap stock facing serious going-concern doubts, regulatory non-compliance, and active delisting proceedings from both stock exchanges. Shareholders face very high risk of permanent capital loss; the stock is essentially trading on borrowed time while operating on short-term promoter funding.