Visesh Infotecnics Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
Awaiting price reaction for this filing.
The company reported Q1 FY26 revenue of Rs. 10.24 lakhs, up sequentially from Rs. 8.11 lakhs in Q4 FY25 but down from Rs. 11.80 lakhs in Q1 FY25. Net loss for the quarter stood at Rs. 93.55 lakhs, narrower than the Rs. 707.56 lakh loss in Q4 FY25. Total expenses were Rs. 119.25 lakhs, with depreciation of Rs. 65.40 lakhs being the largest component. The statutory auditor issued a 'Qualified Conclusion' on the results and highlighted an 'Emphasis of Matter' on pending confirmations of trade receivables, payables, and bank balances. The company faces multiple serious issues including delisting show-cause notices from both NSE and BSE, SEBI's restraint order from the GDR issue with a Rs. 25 lakh unpaid penalty, frozen bank accounts, and accumulated unrecoverable loans and advances of Rs. 222.09 crores.
Despite a narrower sequential loss, the company remains in deep financial distress with severe going-concern risks. Shareholders face material threat of delisting from both NSE and BSE, and the qualified audit opinion signals significant uncertainty about asset valuations and recoverability. This is a high-risk stock with potential for further value erosion.