as per the pdf attached
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board approved unaudited standalone and consolidated financial results for Q2 and H1 FY26 ended September 30, 2025. Consolidated revenue from operations for H1 FY26 fell sharply to Rs 37.96 lakhs from Rs 68.21 lakhs in H1 FY25, a decline of about 44%. The company swung to a consolidated net loss of Rs 15.39 lakhs versus a small profit of Rs 0.75 lakhs last year, and operating cash flow was negative at Rs (29.60) lakhs. Managing Director Ms. Shikha and Company Secretary Mr. Sandeep Singh both resigned on November 7, 2025, with Mr. Navneet Kumar Mishra appointed as new CS and Mr. Prasanna Mohapatra as Whole Time Director. The statutory auditor Asha & Associates issued a qualified opinion, flagging the earlier CFO fraud of Rs 88.18 lakhs (impairment pending recovery), unverified utilization of warrant issue proceeds worth Rs 14.25 crore, advances of Rs 5.32 crore for Gurugram land without documentation, Rs 4.21 crore of unexplained loans and advances, and Rs 6.05 crore in training expenses without supporting documents.
This is a deeply negative filing for shareholders. Revenue is collapsing, the company is back in losses, cash burn continues, and the auditor's qualified opinion points to serious governance and internal control failures, including a prior CFO fraud and large undocumented transactions. Simultaneous resignations of the MD and CS raise further governance red flags and could weigh on the stock.