Date: 14/08/2026

Financial Results (Standalone)

For Q1 FY27 (quarter ended 30-Jun-26), the company reported:

  • Revenue from Operations: ₹0
  • Other Income: ₹0 (compared to ₹376 in Q1 FY25 and FY26)
  • Total Income: ₹0
  • Employee benefits expense: ₹35,011
  • Finance Cost: ₹2,83,375
  • Depreciation and amortization expense: ₹5,217
  • Other expenses: ₹17,733
  • Total Expenses: ₹3,41,336
  • Loss before tax: ₹(3,41,336)
  • Tax expense: ₹0
  • Net Loss for the period: ₹(3,41,336)
  • Earnings Per Share (Basic): ₹(0.75)
  • Earnings Per Share (Diluted): ₹(0.75)

Comparison periods:

  • Q1 FY25: Net Loss ₹(3,44,155), EPS ₹(0.75)
  • Q4 FY26: Net Loss ₹(3,68,669), EPS ₹(0.81)
  • Full Year FY26: Net Loss ₹(14,88,994), EPS ₹(3.26)

Balance Sheet Highlights (as at 30-Jun-26)

  • Property, Plant and Equipment: ₹7,20,056
  • Other financial Assets: ₹2,38,132
  • Inventories: ₹86,403
  • Trade Receivables: ₹4,70,069
  • Cash and Cash equivalents: ₹1,004
  • Current tax assets: ₹588
  • Other current assets: ₹1,53,154
  • Total Assets: ₹16,69,405
  • Equity share Capital: ₹45,67,620
  • Other Equity: ₹(2,42,66,834)
  • Total Equity: ₹(1,96,99,214) [Negative Net Worth]
  • Borrowings (Non-current): ₹11,65,730
  • Provisions (Non-current): ₹6,56,683
  • Borrowings (Current): ₹28,09,522
  • Trade Payables: ₹55,82,990
  • Other Financial liabilities: ₹1,00,60,834
  • Other current liabilities: ₹10,46,461
  • Provisions (Current): ₹46,401
  • Total Liabilities: ₹2,13,68,619

Notes to Financial Results

1. Accumulated losses: ₹253.45 crores as of 30th June 2026

2. Negative net worth: ₹196.99 crores as of 30th June 2026

3. The accumulated losses exceeded net worth during 2011-12. Company under BIFR sanctioned scheme since 2010-11 and is under rehabilitation period monitored by Monitoring Agency.

4. Same accounting policies as last financial year followed.

5. Deferred tax: Company has not accounted for deferred tax assets/liabilities due to no reasonable certainty of making taxable income in future.

6. Amount due to Telecommunications Consultants India Limited (holding company) of ₹190.22 crores reflected at book value, not fair value.

7. Balances of debtors, creditors, advances and deposits (other than TCIL) subject to confirmation.

8. No provision made for long pending debtor of ₹3.39 crores due to ongoing arbitration/court proceedings.

9. No provision made for ₹13,397 due from RailTel which was under arbitration.

10. Depreciation provided as per Companies Act, 2013 requirements.

11. Theft in electrical substation in August 2021 with insurance claim of ₹48,970 declined by New India Assurance Company.

Contingent Liabilities

a) Commercial Tax Department demand of ₹1,86,088 as Additional Sales Tax for FY2000-2002. Case decided in company's favor by Madras High Court on 14.11.2025.

b) Sales Tax department demand of ₹22,950 for non-submission of "C" Forms from BSNL/MTNL.

c) Customs Authority demand of ₹1,02,067 for classification difference of Optical Fibre (2006-07).

d) Stock exchange penalties: ₹47,766 for 2018-19 and ₹38,373 for 2019-20 for SEBI LODR non-compliance.

e) Income tax demand of ₹2,656 for AY 2009-10 under dispute.

Revival Efforts

a) RFP for lease of manufacturing facilities published in March 2023. LOA issued to party on 24.05.2023 but TIDCO directed to refrain from proceeding. Lease cancelled.

b) Exploring business diversification to sustain in competitive cable industry.

c) Exploring business partners for fresh investment in company for factory revival and new business areas.

Cash Flow Statement

For Q1 FY26:

  • Net cash used in Operating Activities: ₹(1,61,531)
  • Net cash from Investing Activities: ₹0
  • Net cash from Financing Activities: ₹1,61,958
  • Net increase in cash equivalents: ₹427
  • Cash equivalents at period end: ₹1,004

Board Meeting Outcomes

Board meeting held on 14.08.2026 approved:

  • Unaudited financial results for quarter ended 30.06.2026
  • The results were reviewed by the Audit Committee