The Board of Directors of the Company has, inter alia, approved unaudited financial results for the quarter and half year ended 30th September 2025

Going-concern doubtNet loss reportedNegative operating cash flowDebt to equity above the thresholdResults View source PDF Explain this filing

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Nifty Microcap 250market · in no size index; the smallest one is used+0.6%-4.5% vs market

Hotels & Resorts peers, median of 52sector+0.1%-4.0% vs sector

On the reaction day the stock moved 4.5 pts less than Nifty Microcap 250 and 4.0 pts less than its Hotels & Resorts peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

The board approved standalone unaudited results for the quarter and half year ended 30 September 2025. Revenue from operations was nearly nil at Rs. 0.50 lakh for Q2 and Rs. 3.33 lakh for H1, as the company has had no revenue-generating operations since 24 March 2020. The company posted a loss of Rs. 56.39 lakh in Q2 and Rs. 100.61 lakh in H1, with EPS of Rs. (0.17) and Rs. (0.31) respectively. Reserves are deeply negative at Rs. (4,586.69) lakh, and total equity is negative at Rs. (836.28) lakh, meaning liabilities exceed assets. Operating cash flow was negative at Rs. (29.94) lakh, while financing cash flow of Rs. 29.94 lakh came from borrowings. The company itself flagged a going concern risk, saying its future depends on proceeds from selling its hotel assets to settle liabilities, with all employees except KMP having resigned.

Likely market impact

This is a deeply distressed company for shareholders — effectively no operations, continuous losses, negative net worth, and an ongoing asset-sale-driven wind-down. Existing shareholders face near-total equity erosion, with any recovery dependent on residual value from asset sales after settling debt owed to the asset reconstruction company.