We wish to inform that the Board of Directors at their meeting held on February 14, 2026, had, inter alia, approved the Un-audited Standalone and Consolidated Financial Results for the ....
Awaiting price reaction for this filing.
The Board approved the unaudited Q3 FY26 results on February 14, 2026. The company reported NIL revenue from operations, as fertilizer and micro-irrigation businesses remain discontinued since June 30, 2024. Total income for the quarter stood at Rs. 863.35 lakhs, entirely from other income and urea subsidy escalation adjustments. The company posted a loss before tax of Rs. 574.77 lakhs for the quarter and Rs. 1,702.92 lakhs for the nine-month period, with EPS of Rs. (0.10) and Rs. (0.28) respectively. Other Equity is deeply negative at Rs. (98,609.90) lakhs, and current liabilities exceed current assets by Rs. 87,773.06 lakhs. The auditor issued an emphasis of matter on the 'non-going concern' basis of preparation, contingent disputed liabilities of around Rs. 1,209.43 crores, and a related party royalty claim of Rs. 836.67 crores from NACL.
This is effectively a non-operating shell company with zero revenues, negative net worth, and a pile of disputed liabilities and litigation. Any shareholder value now hinges almost entirely on uncertain outcomes from government subsidy claims, the GAIL arbitration award, and settlement of contested dues. The stock is highly speculative and carries severe going-concern, solvency, and contingent liability risks.