We wish to inform that the Board of Directors of the Company at their Meeting held today i.e., February 14, 2026, had, inter alia, approved the Un-audited Standalone and Consolidated Financial ....
Awaiting price reaction for this filing.
The Board approved unaudited financial results for Q3 FY26 and the nine months ended December 31, 2025. The company reported zero revenue from operations, continuing the status of discontinued business since June 2024 after all assets were sold via SARFAESI. Standalone loss for the quarter stood at Rs. 574.77 lakhs and nine-month loss at Rs. 1,702.92 lakhs, with EPS of Rs. (0.28) for nine months. Current liabilities exceed current assets by Rs. 87,773.06 lakhs, and disputed contingent liabilities amount to about Rs. 1,209.43 crores. The statutory auditor issued an unmodified review opinion with an emphasis-of-matter paragraph on the going concern issue. Other key matters include a related-party royalty claim of Rs. 836.67 crores, ongoing GAIL disputes over gas dues and interest, and settlement of deferred sales tax of Rs. 13.43 crores to AP Government.
This is a deeply negative filing for shareholders - the company has no operating business, is formally declared a non-going concern, has a Rs. 877+ crore working capital deficit, and faces massive disputed claims. The stock reflects a shell company in liquidation-like mode, with value dependent entirely on recovery of government subsidy and GAIL arbitration claims.