The Board of Directors of the Company at their meeting held on Thursday, 13th November 2025 has considered, taken on record and approved the Un-audited Financial Results of the Company ....
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Uniroyal Marine Exports, a Kerala-based seafood processing and export company, approved its Q2 and H1 FY26 results at a board meeting on 13 November 2025. Revenue from operations for Q2 fell about 9% year-on-year to ₹488.10 lakh, and total revenue dropped roughly 20.5% to ₹523.04 lakh. The company swung to a net profit of ₹41.58 lakh in Q2 from a loss of ₹28.57 lakh a year ago, while H1 net profit stood at ₹22.01 lakh versus a loss of ₹87.83 lakh earlier. On the balance sheet, total borrowings are around ₹1,346 lakh while total equity is only about ₹78.58 lakh (Other Equity is negative at ₹(570.40) lakh), indicating a very high leverage. The statutory auditor BSJ & Associates gave an unmodified limited review report but flagged in an 'Other Matter' paragraph that the company's ability to continue as a going concern depends on the outcome of an open-bid sale of 180 cents of land at Chamancheri Vengalam, Calicut, approved by shareholders on 31 July 2025.
The return to profitability is a positive signal, but the very high debt, negative accumulated reserves, and the auditor's explicit link between going concern and the pending land sale create meaningful risk for shareholders. Investors should track the land bid outcome closely as it is critical to the company's continuity and could drive significant stock price volatility.