Board approved audited FY26 results showing ₹4.85 crore net loss with modified audit opinion due to unredeemed preference shares.
Auditors issued qualified opinion citing ₹75.03 lakh liability for unredeemed preference shares and lack of employee benefit valuation.
Company faces material going concern uncertainty with negative net worth of ₹32.79 crore and current liabilities exceeding assets.
Promoters entered share purchase agreement for control change, with management relying on incoming investor support for continuity.