September 2026 results flag factory closure and going-concern warning

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Price reactionminutes from the announcement price · days from the prior close

-5.7%Reaction day

₹602.00

prior close

₹614.50

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-2.5%-3.2% vs market

Other Industrial Products peers, median of 26sector-1.1%-4.7% vs sector

On the reaction day the stock moved 3.2 pts less than Nifty Microcap 250 and 4.7 pts less than its Other Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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UpDownMarket · Nifty Microcap 250Sector · Other Industrial Products peers, median of 26Pending

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AI summary

Board approved unaudited results for the quarter and half year ended 30 September 2026. Half-year income fell to Rs315.66 lakh from Rs4,897.36 lakh, with a Rs122.93 lakh net loss and no manufacturing revenue. The Peenya factory shut permanently on 15 December 2025, with no restart planned. Closure compensation was booked as an exceptional expense. The limited review said the accounts are not prepared on a going-concern basis.

Likely market impact

Shareholders face high uncertainty because earnings now depend on investments and court outcomes, with no manufacturing-led growth in sight.

By the numbersStandalone · Q2 FY27

The company's XBRL figures for this quarter look filed in the wrong unit: revenue reads ₹0.46 Cr against ₹20.65 Cr a year ago, about 44× smaller. A move that size is almost always a wrong unit, not a business, so nothing is computed from these figures and no number-based tags are set; the read above is the AI's, from the document.