We wish to inform that at the meeting of the Board of Directors held today (24th October 2025), the Directors have approved the Unaudited financial results of the Company for the Quarter ....
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India Radiators Limited's Board, at its meeting on 24th October 2025, approved the unaudited financial results for the quarter and half year ended 30 September 2025. Total income for Q2 FY26 stood at just Rs 1.69 lakhs (vs Rs 1.65 lakhs in Q2 FY25), with no revenue from operations activity. The company reported a net loss of Rs 45.84 lakhs for the quarter and Rs 104.29 lakhs for H1 FY26, sharply worse than the Rs 15.99 lakhs and Rs 33.63 lakhs losses in the corresponding prior periods. Other equity is deeply negative at Rs -231.31 lakhs against a paid-up capital of only Rs 90 lakhs, meaning accumulated losses have wiped out shareholder equity multiple times over. Long-term borrowings of Rs 1,247.27 lakhs dwarf operational cash and trade receivables (Rs 21.56 lakhs), and operating cash flow remains negative at Rs -0.86 lakhs. The auditor's limited review report issued an unqualified (clean) conclusion.
This is a deeply distressed micro-cap: revenue is negligible, losses are accelerating, equity is eroded, and the company is essentially debt-funded with minimal cash. Shareholders should treat this as a high-risk, near-defunct situation rather than a normal listed investment, and brace for potential delisting or going-concern issues.