Please find the attached outcome of Board meeting
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The board approved unaudited financial results for Q2 and H1 FY26 (ended September 30, 2025). The company reported zero revenue from operations across all periods, with total income of just Rs 0.03 lakh for the half-year (vs Rs 18 lakh for full FY25). Total expenses jumped sharply to Rs 44.85 lakh in H1 FY26 (vs Rs 12.69 lakh a year ago), driven mainly by a spike in 'other expenses' to Rs 42.84 lakh. Net loss widened to Rs 44.82 lakh in H1 FY26 from Rs 3.21 lakh in H1 FY25, with loss per share at Rs 0.50. The balance sheet shows negative total equity of Rs (140.46) lakh, accumulated losses of Rs 1,035.48 lakh against share capital of Rs 895.02 lakh, borrowings of Rs 190.41 lakh, and total assets of only Rs 55.66 lakh. Separately, Non-Executive Independent Director Ms. Jayita Bagchi resigned citing other professional commitments. Auditor M/s Manish Mahavir & Co. issued an unqualified limited review report.
The stock carries serious going-concern risk — the company has no operating revenue, a deeply negative net worth (shareholders' equity is wiped out), and continuing losses funded by borrowings. Shareholders should view this as a high-risk, near-dormant micro-cap with limited visibility on business revival.