We wish to inform you that in compliance with the provisions of Regulation 33 read with Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 the Board ....
Awaiting price reaction for this filing.
Diamant Infrastructure Ltd reported zero revenue from operations for FY 2025-26, with total income of Rs. 15.34 lakhs (down from Rs. 18.31 lakhs). The company posted a net loss of Rs. 6.23 lakhs, compared to a profit of Rs. 9.09 lakhs in the previous year. The auditor flagged a material uncertainty regarding going concern, noting there is no major business activity and no employees currently employed for operations. Additionally, a loan has been classified as NPA and the bank has taken possession of the company's premises given as collateral. Despite the CEO declaring an 'unmodified opinion,' the auditor's report contains significant going concern qualifications.
Shareholders should be cautious - the company has no operating revenue, is losing money, and the auditor has raised serious doubts about its ability to continue as a going concern. The NPA situation and loss of collateral premises add further risk. The stock carries high risk of distress or delisting.