Evoq Remedies Limited

A small agro-commodity trading firm based in Ahmedabad, classified under Services / Trading & Distributors. Revenue from operations stood at Rs 25.51 crore in FY26, with the H1 FY26 figure more than doubling to Rs 2,550.68 lakhs from Rs 1,175.67 lakhs in H1 FY25. Despite the top-line growth, the company swung to a net loss of Rs 25.10 lakhs in FY26 from a profit in FY25, and the statutory auditor issued a qualified opinion with a material uncertainty related to going concern, citing curtailed operations and minimal revival prospects. Cost structure in FY26 was dominated by other operating expenses at 5.5% of revenue, with employee costs at 0.3% of revenue and materials at 0%; total assets stood at Rs 51.94 crore at year-end. In June 2026, the National Company Law Tribunal admitted a Corporate Insolvency Resolution Process against the company following an application by an operational creditor, and an Interim Resolution Professional is to be appointed. The auditor also flagged Rs 668.86 lakhs of related-party loans extended without proper approvals, Rs 1,251.18 lakhs of unconfirmed supplier advances, and a Rs 655.03 lakh GST demand under litigation. Promoters sold nearly their entire stakes through open-market transactions in October 2025.