Outcome of Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.9 pts less than Nifty Microcap 250 and 6.2 pts less than its Leather And Leather Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Welterman International Ltd's board approved unaudited financial results for the quarter and half year ended September 30, 2025. Revenue from operations was nil — the only income shown is 'other income' of around Rs. 10.17 lakhs for the half year, essentially flat year-on-year. The company swung to a wider loss: loss after tax for H1 FY26 deepened to Rs. 17.03 lakhs versus Rs. 3.84 lakhs in H1 FY25, and the standalone Q2 loss was Rs. 15.82 lakhs. The balance sheet shows severely negative net worth of Rs. (1,681.97) lakhs as reserves stand at Rs. (1,699) lakhs against equity share capital of Rs. 444 lakhs. Operating cash flow was negative at Rs. (9.65) lakhs for H1 FY26, a sharp reversal from a positive Rs. 46.64 lakhs a year ago, with cash position at Rs. 13.58 lakhs. The auditor (Parikh Shah Chotalia & Associates) issued a clean limited review report with no qualifications.
This is a deeply negative update for shareholders: the company is loss-making, its net worth is fully eroded, and operating cash burn has resumed after a year-ago surplus. Combined with nil core revenue, the stock carries significant going-concern risk despite a clean auditor review.