We wish to inform your esteemed Organization that the Board of Directors in its meeting held on 14th November 2025 has interalia considered and approved the statement of unaudited financial ....
Awaiting price reaction for this filing.
The Board approved unaudited financial results for Q2 and H1 FY26 (ended 30 September 2025). Revenue from operations was Rs. 54.58 lakhs for both Q2 and H1 FY26, compared to virtually nil in H1 FY25 (Rs. 0.01 lakh), showing a restart of operations from a near-zero base. The company posted a small Q2 profit of Rs. 4.24 lakhs but remained in the red for H1 with a loss of Rs. 4.10 lakhs (vs Rs. 10.86 lakh loss in H1 FY25). Operating cash flow turned positive at Rs. 16.38 lakhs, and cash balance rose to Rs. 17.47 lakhs from Rs. 0.79 lakhs. However, the balance sheet is severely stressed: net worth is negative at Rs. (132.57) lakhs, with accumulated losses of Rs. (691.05) lakhs against share capital of Rs. 558.48 lakhs, and long-term borrowings of Rs. 143.73 lakhs far exceed total assets of Rs. 38.58 lakhs. The auditor (PPKG & Co) issued an unqualified limited review report.
Despite a marginal sequential improvement in profitability and positive operating cash flow, the negative net worth and accumulated losses exceeding share capital raise serious going-concern concerns. Shareholders should note that the company's liabilities far outweigh its assets, making this a high-risk, thinly-capitalised small-cap despite the operational pickup.