We enclose herewith Statement of Un-Audited Standalone and Consolidated financial results for the quarter ended September 30, 2025 and also the Limited Review Report furnished by the Statutory ....
Awaiting price reaction for this filing.
Maxgrow India Limited (formerly Frontline Business Solutions) submitted its unaudited Q2 FY26 results approved by the Board on December 24, 2025. Consolidated revenue from operations jumped to ₹530,486.61 Lakhs in Q2 (up from ₹355,006.67 Lakhs in Q1 FY26) and reached ₹885,493.28 Lakhs for H1 FY26, compared to ₹275,771.86 Lakhs in H1 FY25 — a sharp year-on-year jump. Consolidated profit after tax swung to ₹16,324.43 Lakhs in H1 FY26 from a marginal loss of ₹7.26 Lakhs earlier, translating to a basic EPS of ₹49.99. However, the standalone entity generated zero revenue and posted a loss of ₹70.96 Lakhs — all business activity and revenue come from the wholly owned subsidiary, PP Metallix. The company emerged from NCLT-monitored CIRP with new management taking charge in December 2024. The auditor highlighted several matters including delayed disclosure of large transactions to the stock exchange, acquisition of OFCDs worth ₹4,193 Lakhs face value for just ₹75 Lakhs, and gaps in compliance with regulations on internal audit and independent directors.
The headline numbers look like a dramatic turnaround, but almost all the business sits in the subsidiary PP Metallix while the listed parent (Maxgrow) remains operationally dormant. The auditor's emphasis-of-matter notes flag delayed disclosure, regulatory non-compliance and unusual asset purchases at deep discounts — investors should watch how management executes the revival plan and whether the standalone ever resumes direct operations.