Latest Announcements

Infomedia Press Limited has submitted its unaudited financial results for the quarter ended June 30, 2026, with a net loss of Rs. 92.78 Lakh and accumulated losses of Rs. 11,380.06 Lakh, resulting in a negative net worth. The company's management is evaluating options to start a new line of business and has received a support letter from its holding company.

Sparc Electrex Ltd announced its audited standalone financial results for Q4 and the full financial year ended March 31, 2026, reporting a substantial increase in net loss to Rs 446.18 lakhs for FY26, compared to Rs 152.04 lakhs in FY25. Revenue from operations also declined sharply from Rs 366.10 lakhs to Rs 28.29 lakhs year-on-year. Crucially, the company disclosed that its bank accounts have been frozen by the Income Tax Department since November 2025 due to non-payment of outstanding tax demands. The Board also approved the Auditor's Report and a Statement of Impact of Audit Qualifications.

XL Energy Limited, a company currently undergoing Corporate Insolvency Resolution Process (CIRP) with an approved Resolution Plan, has reported its audited financial results for the quarter and financial year ended March 31, 2026. The results, approved by the Monitoring Committee and the newly constituted board/Successful Resolution Applicant, show no revenue from operations for both periods. The company incurred a significant loss of INR 253.78 Lakhs in Q4 FY26 and a full-year loss of INR 308.11 Lakhs, a substantial deterioration from the prior year's profits. This reflects continued financial distress post-CIRP initiation.

The Board of Amalgamated Electricity Company Ltd met on June 22, 2026, but deferred all significant agenda items. The crucial "Revival Business Plan" was postponed as the board required further critical inputs and clarifications from management for a comprehensive evaluation. Similarly, a proposal for fundraising via a preferential allotment of equity shares could not be approved and was deferred to a subsequent meeting. Other key items like increasing authorized share capital and changes to the Memorandum and Articles of Association were also put off, indicating a lack of preparedness and decisive action.