Univa Foods Limited has informed the Exchange regarding Outcome of Board Meeting held on May 26, 2026.
Awaiting price reaction for this filing.
Univa Foods Limited reported audited standalone financial results for FY 2025-26 ending March 31, 2026. The company posted a net loss of Rs. 12.86 Lakhs, an improvement from the previous year's loss of Rs. 20.84 Lakhs. Revenue from operations was Rs. 15 Lakhs. The statutory auditor issued an unmodified (clean) opinion on the financial statements. The board also approved the appointment of M/s. Akash Prajapati and Company as internal auditors for FY 2025-26 and 2026-27. The company has negative total equity of Rs. 88.45 Lakhs and negative operating cash flow of Rs. 27.69 Lakhs. Deferred tax assets were not recognised due to lack of virtual certainty of future taxable income.
The company continues to operate with negative equity and negative cash flows, indicating significant financial stress despite a reduced loss compared to the prior year. Shareholders should monitor the company's ability to remain a going concern given the deteriorating balance sheet.