Q1 FY27 Results: Loss Widens to Rs 18.62L; Going Concern Doubt Flagged
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Board approved Q1 FY27 unaudited results. Standalone loss of Rs 18.62L (vs Rs 10.15L YoY). No revenue from operations, only Rs 1.29L other income. Plant closed since 1995, no manufacturing. Auditor flagged going concern doubt as accumulated losses (Rs 725.63L) exceed paid-up capital. Company owes Rs 328.67L to related parties with Rs 289.55L interest unprovided since 2001. Acquired Micron Calcite Pvt Ltd as wholly owned subsidiary on 12 May 2026. 52nd AGM set for 9 Sept 2026.
Serious going concern flags; plant dormant since 1995, losses mounting. Subsidiary acquisition signals revival attempt but financial position remains weak.