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Awaiting price reaction for this filing.
The board, which met on August 14, 2025, approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). On a standalone basis, the company reported zero revenue from operations, total income of just ₹0.14 lakh, and a net loss of ₹9.45 lakh (EPS of -₹0.02), widening from a loss of ₹7.89 lakh in the year-ago quarter. Consolidated loss was ₹14.04 lakh (EPS of -₹0.04). Key strategic decisions include proposing an increase in authorized share capital to up to ₹80 crore and a further equity issue (rights issue or other mode) of up to ₹50 crore, subject to shareholder approval. The board approved the sale of wholly-owned subsidiaries Nishkarsh Properties Pvt Ltd and Zeal Appartment LLP, and signed an agreement to set up a green hydrogen plant. The 26th AGM was scheduled for September 24, 2025, with the share transfer book closed from September 17–24, 2025. Mr. Aadarsh Aggarwal was appointed as CFO, and M/s Chandan J & Associates as Secretarial Auditor for a 5-year term.
The company continues to post losses with zero operating revenue, which is a red flag for shareholders. The proposed ₹50 crore capital raise and ₹80 crore authorized capital expansion could lead to dilution for existing shareholders. However, the entry into green hydrogen and a new media app signals a strategic pivot. Subsidiary sales may unlock some value, but overall the stock may remain under pressure given the weak operating performance.