Please find the attached outcome of Board meeting
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Vaishno Cement Company Ltd reported zero income from operations for the second quarter and first half of FY26, ending September 30, 2025, with the company showing no business activity. The company posted a net loss of ₹44.82 lakhs for H1 FY26, compared to a smaller loss of ₹3.21 lakhs in H1 FY25, driven largely by a spike in other expenses in Q1 FY26 (₹41.66 lakhs). The balance sheet shows total equity has turned deeply negative at ₹(140.46) lakhs (versus ₹(95.64) lakhs at March 2025), while non-current borrowings of ₹190.41 lakhs far exceed total assets of ₹55.66 lakhs. The auditor (M/s Manish Mahavir & Co.) issued an unmodified limited review report. Additionally, Non-Executive Independent Director Ms. Jayita Bagchi resigned citing other professional commitments.
The results raise serious going-concern concerns: the company has no operating revenue, mounting losses, negative shareholder equity, and borrowings that exceed total assets — meaning shareholder value is fully eroded and lenders are exposed. Retail investors should view this stock as highly risky, with the independent director resignation adding a modest governance concern.