---
title: "Heads UP Ventures Ltd (HEADSUP) — Share Price, Financials & Analysis"
symbol: "HEADSUP"
company: "Heads UP Ventures Ltd"
canonical: "https://tapetide.com/stocks/HEADSUP"
isin: "INE759V01019"
nse_symbol: "HEADSUP"
bse_code: "540210"
sector: "Textiles"
industry: "Textile Trading"
market_cap_cr: 15.02
generated_at: "2026-09-13T20:37:35.631Z"
---

# Heads UP Ventures Ltd (HEADSUP)

Canonical page: https://tapetide.com/stocks/HEADSUP

## Company

- **NSE Symbol:** HEADSUP
- **BSE Code:** 540210
- **ISIN:** INE759V01019
- **Sector:** Textiles
- **Industry:** Textile Trading
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2016-12-14
- **CEO:** Ms. Helly Jayeshbhai Raval
- **Employees:** 2
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** huvl.in

## About

Incorporated in 2011, Heads UP Ventures 
Ltd is in the business of trading garments[1]

## Latest Price

- **Price:** ₹6.99
- **Change:** +0.09 (+1.3%)
- **Open:** ₹7
- **Day High:** ₹7.15
- **Day Low:** ₹6.8
- **Previous Close:** ₹6.9
- **Volume:** 9463
- **As Of:** 2026-09-11T10:01:43+00:00

## Key Fundamentals

Observed at 2026-09-11T04:39:46.430534Z.

- **Market Cap:** ₹15.02 Cr
- **Classification:** Microcap
- **P/E (reported):** -5.1
- **EPS (TTM):** ₹-1.35
- **Book Value:** ₹6.94
- **Price to Book:** 0.99
- **Dividend Yield:** 0%
- **ROE:** 9.09%
- **ROCE:** 10.43%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹17.26 Cr
- **Net Income:** ₹-0.03 Cr
- **EBITDA:** ₹-1.54 Cr
- **52-Week High:** ₹12.95
- **52-Week Low:** ₹5.69
- **RSI (14):** 50.19

## Tapetide Score

- **Score:** 36 / 100
- **Score date:** 2026-09-04
- **Archetype:** Weak and Under Pressure
- **What it means:** Weak financials are the defining feature, and neither the valuation nor the trend reading is strong enough to offset them. Worth reading the risk flags and recent filings closely before anything else.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Flat
- **Percentile:** 7.3 (of 4473 scored stocks)
- **Confidence:** 88%
- **Data coverage:** 76%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 46.38 | 9% |
| growth | 3.94 | 9% |
| momentum | 51.67 | 12% |
| ownership | 50 | 24% |
| quality | 14.47 | 22% |
| valuation | 47.93 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company is almost debt free.
- Stock is trading at 1.01 times its book value
- Company's working capital requirements have reduced from 3,302 days to 119 days

### Weaknesses

- Company has low interest coverage ratio.
- Promoter holding is low: 13.6%
- Company has a low return on equity of -6.43% over last 3 years.
- Company has high debtors of 377 days.
- Promoter holding has decreased over last 3 years: -19.6%

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 107.89% | 100.95% | -99.26% |
| ebitda margin growth | 100% | -111.32% | -98.5% | -95.79% |
| net income growth | 100% | -102.14% | 26% | 15% |
| revenue growth | -100% | 650.43% | 187% | 108% |
| roce | — | -133.71% | -120.81% | -19.15% |
| roe | — | -129.35% | -25.02% | -208.09% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0.03 | 0 | 0.16 | 0 | 0 | 0.15 | 1.27 | 11.5 | 2.96 | 0 | 2.8 | 0 |
| Expenses | 0.89 | 0.73 | 2.15 | 0.41 | 0.04 | 0.06 | 0.14 | 9.34 | 2.94 | 0.61 | 5.91 | 0.02 |
| Operating Profit | -0.86 | -0.73 | -1.99 | -0.41 | -0.04 | 0.09 | 1.13 | 2.16 | 0.02 | -0.61 | -3.11 | -0.02 |
| OPM % | -2866.67 | — | -1243.75 | — | — | 60 | 88.98 | 18.78 | 0.68 | — | -111.07 | — |
| Other Income | 0.1 | 0.02 | 0.04 | 0.18 | 0.32 | 0.17 | 0.17 | 0.75 | 1.03 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.02 | 0.02 | 0.01 | 0 | 0 | 0 | 0.01 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -0.78 | -0.73 | -1.96 | -0.23 | 0.28 | 0.26 | 1.29 | 2.91 | 1.05 | -0.61 | -3.11 | -0.02 |
| Tax % | 0 | 0 | 0 | 0 | 3.57 | 0 | 14.73 | 0 | 24.76 | 0 | 0 | 0 |
| Net Profit | -0.78 | -0.72 | -1.96 | -0.23 | 0.27 | 0.26 | 1.1 | 2.91 | 0.78 | -0.61 | -3.11 | -0.02 |
| EPS in Rs | -0.35 | -0.33 | -0.89 | -0.1 | 0.12 | 0.12 | 0.5 | 1.32 | 0.35 | -0.28 | -1.41 | -0.01 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 259.45 | 219.87 | 151.9 | 0.44 | 0.97 | 0.73 | 0.63 | 1.41 | 17.26 | 5.76 |
| Expenses | 238.9 | 213.79 | 160.63 | 8.11 | 7.34 | 10.72 | 5.05 | 0.64 | 18.8 | 9.48 |
| Operating Profit | 20.55 | 6.08 | -8.73 | -7.67 | -6.37 | -9.99 | -4.42 | 0.77 | -1.54 | -3.72 |
| OPM % | 7.92 | 2.77 | -5.75 | -1743.18 | -656.7 | -1368.49 | -701.59 | 54.61 | -8.92 | -64.58 |
| Other Income | 1.01 | 0.97 | 8.5 | 5.13 | 1.54 | 0.78 | 0.16 | 0.84 | 1.78 | 1.03 |
| Interest | 2.37 | 3.09 | 7.7 | 0.2 | 0.49 | 0.5 | 0 | 0 | 0 | 0 |
| Depreciation | 3.67 | 3.86 | 14.01 | 0.05 | 0.04 | 0.04 | 0.05 | 0.01 | 0 | 0 |
| Profit before tax | 15.52 | 0.1 | -21.94 | -2.79 | -5.36 | -9.75 | -4.31 | 1.6 | 0.24 | -2.69 |
| Tax % | 41.75 | 690 | 41.52 | 0 | 0 | -0.92 | 0 | 12.5 | 112.5 | — |
| Net Profit | 9.03 | -0.59 | -31.05 | -2.79 | -5.36 | -9.66 | -4.32 | 1.39 | -0.03 | -2.96 |
| EPS in Rs | 4.09 | -0.27 | -14.06 | -1.26 | -2.43 | -4.37 | -1.96 | 0.63 | -0.01 | -1.35 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 22.08 | 22.08 | 22.08 | 22.08 | 22.08 | 22.08 | 22.08 | 22.08 | 22.08 | 22.08 |
| Reserves | 36.21 | 45.34 | 44.76 | 13.93 | 11.07 | 5.69 | -3.93 | -8.14 | -6.75 | -6.75 |
| Borrowings | 8.08 | 7.5 | 8.46 | 2.29 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 66.74 | 59.41 | 45.22 | 19.18 | 10.9 | 7.38 | 3.34 | 2.33 | 2.93 | 29.76 |
| Total Liabilities | 133.11 | 134.33 | 120.52 | 57.48 | 44.05 | 35.15 | 21.49 | 16.27 | 18.26 | 45.09 |
| Fixed Assets | 24.86 | 26.05 | 22.58 | 1.7 | 0.15 | 0.12 | 0.24 | 0.17 | 0.15 | 0.15 |
| CWIP | 0.04 | 0.01 | 0.01 | 0 | 0 | 0.03 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 108.21 | 108.27 | 97.93 | 55.78 | 43.9 | 35 | 21.25 | 16.1 | 18.11 | 44.94 |
| Total Assets | 133.11 | 134.33 | 120.52 | 57.48 | 44.05 | 35.15 | 21.49 | 16.27 | 18.26 | 45.09 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 15.5 | 8.54 | 2.03 | 23.68 | 12.2 | 0.84 | -9.46 | -1.14 | 0.09 | -0.95 |
| Cash from Investing Activity | -3.52 | -5.19 | -1.57 | -5.32 | -15.15 | 0.85 | 1.45 | 0.14 | 0.84 | 0 |
| Cash from Financing Activity | -11.72 | -2.35 | -1.5 | -13.32 | -2.42 | -0.48 | -0.49 | 0 | 0 | -0.31 |
| Net Cash Flow | 0.27 | 0.99 | -1.04 | 5.04 | -5.37 | 1.21 | -8.5 | -0.99 | 0.93 | -1.25 |
| Free Cash Flow | 11.88 | 3.34 | 0.44 | 18.36 | 13.78 | 0.8 | -9.62 | -1.13 | 0.09 | -0.95 |
| CFO/OP | 144 | 112 | 57 | -271 | -159 | -13 | 95 | 26 | 12 | 44 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 19.28 | 28.02 | 36.67 | 15.16 | 1642.5 | 519.28 | 560 | 533.02 | 274.4 | 377.27 |
| Inventory Days | 215.58 | 180.67 | 152.75 | 0.81 | 0 | 0 | 708.53 | 0 | — | 189.87 |
| Days Payable | 144.88 | 143.55 | 139.96 | 62.92 | — | — | 220.07 | — | — | 539.09 |
| Cash Conversion Cycle | 89.98 | 65.15 | 49.47 | -46.95 | 1642.5 | 519.28 | 1048.46 | 533.02 | 274.4 | 28.05 |
| Working Capital Days | 27.22 | 40.91 | 56.11 | 70.07 | 13380.57 | 4553.09 | 7455 | 6703.25 | 3083.09 | 119.06 |
| ROCE % | 34.55 | 25.72 | 5.84 | -24.47 | -7.5 | -15.99 | -40.29 | -26.86 | 10.93 | 1.57 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 33.17% | 29.06% | 13.79% | 13.56% | 13.56% | 13.56% | 13.56% | 13.56% | 13.56% | 13.56% | 13.55% | 13.55% |
| FIIs | 0.42% | 0% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% |
| DIIs | 0% | 0% | 0% | 0.22% | 0.22% | 0.22% | 0.22% | 0.22% | 0.22% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 51.1% | 51.99% | 70.41% | 72.6% | 75.26% | 75.54% | 71.91% | 74.33% | 74.4% | 74.98% | 75.26% | 75.26% |
| Others | 15.31% | 18.95% | 15.38% | 13.2% | 10.53% | 10.25% | 13.88% | 11.46% | 11.39% | 11.03% | 10.77% | 10.77% |
| No. of Shareholders | 20699 | 20279 | 20652 | 20469 | 19893 | 19863 | 20101 | 19894 | 19600 | 19367 | 18959 | 18979 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 8 / 7 / 4

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 6.93 | Buy |
| EMA (10) | 6.94 | Buy |
| SMA (20) | 6.85 | Buy |
| EMA (20) | 6.91 | Buy |
| SMA (50) | 6.87 | Buy |
| EMA (50) | 6.93 | Buy |
| SMA (100) | 7.06 | Sell |
| EMA (100) | 7.12 | Sell |
| SMA (200) | 7.65 | Sell |
| EMA (200) | 7.71 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 52.45 | Neutral |
| MACD (12,26,9) | 0.03 | Buy |
| Stochastic (14,3,3) | 50.23 | Neutral |
| ADX (14) | 15.71 | Neutral |
| Williams %R (14) | -46.58 | Neutral |
| ATR (14) | 0.5 | High Volatility |
| ROC (12) | 8.2 | Buy |
| Stoch RSI (14) | 69.36 | Neutral |
| UO (7,14,28) | 45.07 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-14 | [Board Meeting Outcome for Outcome Of Board Meeting - To Consider And Approve Unaudited Financial Result For The Quarter Ended On 30Th June 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=05a43d09-63ad-4875-9167-4c2bc43dc28b.pdf) |
| 2026-08-10 | [Board Meeting Intimation for To Consider And Approve The Unaudited Financial Result For The Quarter Ended On June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=07d78497-a3d4-420f-9f65-97c5555d672d.pdf) |
| 2026-08-10 | [Appointment of Company Secretary and Compliance Officer](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9f63e104-af0c-4d75-8a14-7ab2fd59dec0.pdf) |
| 2026-08-10 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e8dac1c8-2f4d-4d54-b3af-53df4d9331de.pdf) |
| 2026-07-15 | [Announcement under Regulation 30 (LODR)-Change in Corporate Office Address](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3014f304-bf62-4f33-9ace-bf1a1dabe2ce.pdf) |
| 2026-07-13 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4227a1c0-7feb-4ffa-8550-182371cf8b7a.pdf) |
| 2026-07-01 | [Announcement under Regulation 30 (LODR)-Change in Registered Office Address](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=537e0642-bb37-4119-a9de-d52ed830bed1.pdf) |
| 2026-06-29 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=486378bf-8a7c-425a-83bb-4d6cbe53eae7.pdf) |
| 2026-05-31 | [Compliances-Reg.24(A)-Annual Secretarial Compliance](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2e96504b-b30d-44e8-866e-46318cecd144.pdf) |
| 2026-05-28 | [Board Meeting Outcome for Outcome Of Board Meeting - Financial Result Quarter 4](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7367d11f-69ca-4f95-a76e-affd8d1da580.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-14 | [Unaudited Financial Result For The Quarter Ended On 30Th June 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5ee15f93-8b88-41d9-a155-e354699ae063.pdf) |
| 2026-05-28 | [Results - Financial Results Year End For 31St March2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=266530f1-624e-4b66-8f74-8da496ed3ef9.pdf) |
| 2026-02-14 | [Results-Financials](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e7df04f7-8226-464c-b891-d3ed15b7acbc.pdf) |
| 2025-11-13 | [Financial Results For Quarter Ended 30Th September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=acbe71ae-0355-47a6-b5c1-e10fcbd508bb.pdf) |
| 2025-08-01 | [Submission Of Standalone And Consolidated Unaudited Financial Results For The Quarter Ended On 30.06.2025 And Disclosure Pursuant To Regulation 33 Of SEBI (LODR) Regulations 2015.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=11d83fd6-645a-4855-8f0b-fb1a6c83e018.pdf) |
| 2025-05-13 | [Submission Of Standalone Audited Financial Results For The Year Ended On 31.03.2025 And Disclosure Pursuant To Regulation 33 Of SEBI (LODR) Regulations 2015.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e5e76e8c-ce3a-4aaf-ae95-037812675e76.pdf) |
| 2025-02-11 | [Submission Of Standalone Unaudited Financial Results For The Third Quarter Ended On 31.12.2024 And Disclosure Pursuant To Regulation 33 Of SEBI (LODR) Regulations 2015.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=387acf7e-8586-4138-b76c-a8d206705ce0.pdf) |
| 2024-11-11 | [Submission Of Standalone Unaudited Financial Results For The Second Quarter And Half Year Ended On 30.09.2024 And Disclosure Pursuant To Regulation 33 Of SEBI (LODR) Regulations, 2015.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=37a3ce8a-3931-4b19-b573-a18b2f3fda2d.pdf) |
| 2024-08-13 | [Unaudited Financial Results For The Quarter Ended 30Th June, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8b5a49a6-0aa5-482c-93cd-fcd87c4cbd75.pdf) |
| 2024-05-09 | [Audited Financial Results For The Quarter And Financial Year Ended On 31St March, 2024 Along With The Auditors Reports Thereon](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9d2289cf-89f7-47c4-821a-d8d9e81ecd7d.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 5 May - Corporate office shifted in Ahmedabad on 5 May 2026 to 108-F, Supath-2, Usmanpura. | [Announcement under Regulation 30 (LODR)-Change in Corporate Office Address 5 May - Corporate office shifted in Ahmedabad on 5 May 2026 to 108-F, Supath-2, Usmanpura.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/63b8eefc-105e-4d25-906d-78e9e34bea7a.pdf) |
| 31 Mar - Trading window closed for designated persons from Apr 01, 2026 until 48 hours after audited FY2025-26 results. | [Closure of Trading Window 31 Mar - Trading window closed for designated persons from Apr 01, 2026 until 48 hours after audited FY2025-26 results.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/eea6f440-8742-42f4-b550-17d7534d3868.pdf) |
| 27 Apr - Ayush Patel resigned as Additional Director on 27 April 2026 due to personal reasons. | [Announcement under Regulation 30 (LODR)-Cessation 27 Apr - Ayush Patel resigned as Additional Director on 27 April 2026 due to personal reasons.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4d7514e4-d278-4007-93c8-490b08fbf280.pdf) |
| 23 Feb - Heads Up Ventures Company Secretary Shital Baranwal resigned effective 04-Feb-2026. | [Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer 23 Feb - Heads Up Ventures Company Secretary Shital Baranwal resigned effective 04-Feb-2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/416e35cb-80bb-4920-a043-3e5ca068f953.pdf) |
| 23 Feb - Appointed Mr Ayush Patel and Ms Vaishali Patel as additional executive directors effective 23 Feb 2026. | [Announcement under Regulation 30 (LODR)-Change in Management 23 Feb - Appointed Mr Ayush Patel and Ms Vaishali Patel as additional executive directors effective 23 Feb 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9e4b8330-cc51-4680-84db-64b06027d614.pdf) |
| 14 Feb - Unaudited Q3 (31 Dec 2025): standalone loss ₹60.93L; 9M consolidated profit ₹308.70L; limited review attached. | [Board Meeting Outcome for Outcome Of Board Meeting 14 Feb - Unaudited Q3 (31 Dec 2025): standalone loss ₹60.93L; 9M consolidated profit ₹308.70L; limited review attached.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/abaaae21-f68d-4845-a1e0-f38a6f49c520.pdf) |
| 14 Feb - Approved unaudited results for quarter ended 31 Dec 2025; nine-month revenue Rs1,446.12 lakh; Q3 loss Rs60.93 lakh. | [Results-Financials 14 Feb - Approved unaudited results for quarter ended 31 Dec 2025; nine-month revenue Rs1,446.12 lakh; Q3 loss Rs60.93 lakh.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e7df04f7-8226-464c-b891-d3ed15b7acbc.pdf) |
| 14 Apr - Compliances certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 for the quarter ended on 31st March 2026 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 14 Apr - Compliances certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 for the quarter ended on 31st March 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/91b55d6e-b655-44ba-87fe-3bedc334152c.pdf) |
| 10h - Ayush Patel resigned as Additional Director on 27 April 2026 due to personal reasons. | [Announcement under Regulation 30 (LODR)-Cessation 10h - Ayush Patel resigned as Additional Director on 27 April 2026 due to personal reasons.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/4d7514e4-d278-4007-93c8-490b08fbf280.pdf) |
| 10 Feb - Board meeting on Feb 14, 2026 to approve unaudited results for quarter ended Dec 31, 2025. | [Board Meeting Intimation for Quarterly Unaudited Financial Results As On 31St December, 2025 10 Feb - Board meeting on Feb 14, 2026 to approve unaudited results for quarter ended Dec 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/112df3bf-1391-40f4-8e66-ea7f27c664bd.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fce4fa0b-940c-40c7-83bc-1646079ef453.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1acb5022-caa1-4b7d-a0c4-4722622aa0f4.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b0fe7738-b45a-4f2a-aa0f-86ded873e3b7.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/540210/74463540210.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/540210/71942540210.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/540210/67473540210.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/540210/5402100319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/540210/5402100318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/540210/5402100317.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| May 2018 | [Concall - May 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fb6cc601-c195-4929-9a03-46cb1e994f21.pdf) |
| May 2018 | [Concall - May 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/5/fb6cc601-c195-4929-9a03-46cb1e994f21.pdf) |
| Jun 2018 | [Concall - Jun 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8cec61ee-3b82-4f8f-a06e-f063d6b10177.PDF) |
| Jun 2018 | [Concall - Jun 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/6/8cec61ee-3b82-4f8f-a06e-f063d6b10177.PDF) |
| Feb 2018 | [Concall - Feb 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2d79e278-ced4-429c-b14c-a36a3e005683.pdf) |
| Feb 2018 | [Concall - Feb 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/2/2d79e278-ced4-429c-b14c-a36a3e005683.pdf) |
| Dec 2017 | [Concall - Dec 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=412a99f1-c906-41c3-80fa-1b10396f426e.PDF) |
| Dec 2017 | [Concall - Dec 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/12/412a99f1-c906-41c3-80fa-1b10396f426e.PDF) |

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