Unaudited (Standalone & Consolidated) Results along with Limited Review Report for the quarter and nine months ended December 31, 2025
Awaiting price reaction for this filing.
Alka India Limited reported zero revenue from operations and zero other income for Q3 FY26 (Oct-Dec 2025), with a net loss of ₹11.27 lakhs, widening from a net profit of ₹1.84 lakhs in the same quarter last year. For the nine months ended December 2025, total revenue stood at ₹6.63 lakhs versus a net loss of ₹64.19 lakhs, compared to a loss of ₹1.56 lakhs in the prior-year period. The company underwent an NCLT-approved Resolution Plan in February 2025, resulting in cancellation of promoter shareholding, capital reduction, and reconstitution of public shareholding to 5%. The auditor (J.M. Patel & Bros) issued a Disclaimer of Opinion with multiple Emphasis of Matter paragraphs, flagging that no fair valuation was done on the ₹469 lakh investment in its subsidiary Vintage FZE (India) Pvt Ltd, outstanding tax dues on government portals, lack of operating income, and inability to comment on internal financial controls.
Stockholders should note the company has effectively no operating business, is sustaining losses, and required an NCLT-led restructuring — the auditor's Disclaimer of Opinion and unresolved subsidiary investment valuation are significant red flags that could weigh on share price and signal heightened recovery risk for retail investors.