Unaudited Standalone Financial Results of the Company for the Quarter and half year ended 30th September, 2025
Awaiting price reaction for this filing.
Dion Global Solutions Ltd, which is under Corporate Insolvency Resolution Process (CIRP) since 18 August 2020 with its Board powers vested in Resolution Professional Pardeep Kumar Lakhani, has filed its unaudited standalone results for Q2 and H1 FY26. Revenue from operations rose to ₹298.55 lakhs in Q2 FY26 (up ~45% from ₹206.39 lakhs in Q2 FY25) and to ₹575.43 lakhs in H1 FY26 (up ~22% from ₹471.09 lakhs in H1 FY25). Q2 turned a small profit of ₹2.54 lakhs versus a loss of ₹70.46 lakhs a year ago, though H1 FY26 still posted a loss of ₹41.96 lakhs (improved from ₹105.29 lakhs). The auditor NGMKS & Associates issued a qualified opinion, flagging going concern doubts, non-creation of a restructuring provision under Ind AS 37, and loan defaults. Total equity remains deeply negative at ₹(57,453.92) lakhs and other current liabilities stand at ₹55,181.47 lakhs, mostly CIRP-related claims.
The qualified audit opinion, going concern flag, and deeply eroded equity confirm the company remains in severe financial distress. While revenue growth and reduced quarterly loss are modestly encouraging, shareholders face high uncertainty until the NCLT approves the resolution plan already cleared by the Committee of Creditors.