With reference to the above, we wish to inform the Exchanges that the Board of Directors of the Company at their meeting held today i.e Wednesday, 12th November, 2025 has transacted and ....

Qualified audit opinionRevenue declinedNet loss reportedEBITDA margin expansionNegative operating cash flowResults View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

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prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-0.3% vs market

Other Food Products peers, median of 23sector-0.1%-0.3% vs sector

On the reaction day the stock moved 0.3 pts less than Nifty Microcap 250 and 0.3 pts less than its Other Food Products 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 unaudited standalone financial results for Q2 and H1 FY26 ended September 30, 2025. Revenue from operations fell sharply to Rs 6,743.50 lakhs in Q2 FY26 from Rs 9,277.90 lakhs in Q2 FY25, a drop of around 27%. The company swung to a small profit of Rs 58.34 lakhs in Q2 FY26 versus a loss of Rs 599.64 lakhs a year ago, but for the half-year it still posted a net loss of Rs 111.17 lakhs (vs Rs 1,064.73 lakhs loss in H1 FY25). The statutory auditor (M/s Mahesh Udhwani & Associates) issued a qualified review report, flagging Rs 760 lakhs of unprovided advances and certain trade receivables where no expected credit loss was recognized, along with an unbooked interest expense of Rs 118.99 lakhs related to Swapnatari Finserve Limited. Cash flow from operations remained negative at Rs (37.03) lakhs for H1 FY26.

Likely market impact

Shareholders should note a qualified auditor opinion and unresolved provisioning issues, even as quarterly losses narrow. The sharp revenue decline and continued negative operating cash flow remain key concerns for the stock.