As per pdf attached
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board, at its July 30, 2025 meeting, approved unaudited standalone and consolidated Q1 FY26 (quarter ended June 30, 2025) results along with a Limited Review Report. Total income stood at Rs. 19.54 lakh (vs Rs. 26.28 lakh in Q1 FY25) with a marginal net profit of Rs. 0.25-0.26 lakh. The auditor issued a Qualified Opinion on both results, flagging a confirmed Rs. 88.17 lakh fraud/misappropriation by former CFO Mr. Ankit Sharma via fictitious payments, of which no recovery has been made and no provision recorded. The auditor also flagged lack of supporting documents for a Rs. 5.32 crore land advance in Gurugram, Rs. 4.21 crore in loans and advances, Rs. 5.99 crore in training expenses, and inadequate evidence on use of Rs. 14.25 crore warrant issue proceeds. The board also cleared the 32nd AGM notice (August 26, 2025), re-appointed Mrs. Anubha Chauhan as Independent Director, appointed Mr. Sandeep Singh as new Company Secretary, appointed Ms. Shikha as Board Chairperson, shifted the registered office, and appointed M/s Chandan J & Associates as Secretarial Auditor for FY26-FY30.
This is a significantly negative filing for shareholders — the auditor's qualified opinion, an admitted Rs. 88 lakh CFO fraud, and multiple large undocumented advances (totalling over Rs. 15 crore) point to serious governance, internal control, and audit trail failures. Despite a small headline profit, the underlying operations remain extremely weak (revenue down ~26% YoY, persistent historical losses, EPS near zero), and the unresolved qualifications may weigh on the stock, invite further regulatory scrutiny from SEBI, and dent investor confidence.