Quintegra Solutions Limited deficit widens to Rs 13.86 crore

Quintegra Solutions Limited reported negative shareholders’ funds of Rs 13.86 crore at September 30, 2026, compared with negative Rs 13.08 crore at March 31, 2026. The half-year balance sheet shows long-term borrowings increased to Rs 14.62 crore, while total assets stayed at Rs 1.20 crore and cash and cash equivalents remained nil.

Why did Quintegra Solutions’ net worth deficit widen?

Quintegra Solutions’ net worth deficit widened by Rs 77.86 lakh during the half year ended September 30, 2026, because its reserves and surplus moved further into deficit while share capital did not change. Shareholders’ funds were negative Rs 13.86 crore at September 30, against negative Rs 13.08 crore at March 31.

The company reported share capital of Rs 26.81 crore in both balance-sheet periods. Reserves and surplus were negative Rs 40.67 crore at September 30, compared with negative Rs 39.89 crore six months earlier, producing the Rs 13.86 crore negative shareholders’ funds figure.

The cash-flow statement reported a loss before tax of Rs 77.86 lakh for the six months ended September 30, 2026. This was higher than the Rs 6.68 lakh loss before tax reported for the six months ended September 30, 2025, while the filing showed no taxes paid in either cash-flow presentation.

How much did Quintegra Solutions’ long-term borrowings rise?

Quintegra Solutions’ long-term borrowings rose by Rs 1.34 crore to Rs 14.62 crore at September 30, 2026, from Rs 13.28 crore at March 31, 2026. The balance sheet did not report deferred tax liabilities, other long-term liabilities or long-term provisions in either period.

The cash-flow statement separately listed borrowings raised of Rs 1.34 crore for the six months ended September 30, 2026. For the corresponding six months ended September 30, 2025, it listed borrowings raised of Rs 1.16 lakh, showing that the latest-period financing inflow was higher than the prior-year period.

Quintegra Solutions also disclosed related-party advances or loans outstanding of Rs 14.32 crore at September 30, 2026, compared with Rs 12.98 crore at March 31. The related-party disclosure does not classify those balances as current or non-current, so the Rs 14.32 crore total cannot be treated as identical to the Rs 14.62 crore long-term borrowings line.

Which related-party loan balances were disclosed?

Quintegra Solutions disclosed that Trusted Aerospace Engg Pvt Ltd had the largest related-party advance or loan balance, at Rs 9.81 crore at September 30, 2026. That amount was unchanged from March 31, 2026, according to the related-party transaction statement.

The balance involving whole-time director V Sriraman increased to Rs 2.77 crore at September 30 from Rs 1.43 crore at March 31. The filing records Rs 1.34 crore received from V Sriraman during the April-to-September 2026 period, which accounts for the increase in that reported balance.

Anukrith Securities Pvt Ltd had Rs 1.48 crore outstanding at both dates, while promoter V Shankarraman had Rs 26.06 lakh outstanding at both dates. The filing recorded nil remuneration paid to V Sriraman for the six months ended September 30, 2026.

What assets and current liabilities did Quintegra Solutions report?

Quintegra Solutions reported total assets of Rs 1.20 crore at both September 30, 2026 and March 31, 2026, entirely comprising fixed assets. The balance sheet showed no current investments, inventories, trade receivables, short-term loans and advances or other current assets at either date.

Cash and cash equivalents were nil at September 30, matching the nil balance reported at March 31. The absence of current assets meant the company’s reported asset base remained limited to the Rs 1.20 crore fixed-asset balance through the half year.

Current liabilities declined to Rs 43.27 lakh at September 30 from Rs 99.44 lakh at March 31. Other current liabilities fell to Rs 29.40 lakh from Rs 85.57 lakh, while short-term provisions were Rs 13.87 lakh at September 30 and Rs 13.87 lakh at March 31.

Why did Quintegra Solutions end with nil cash?

Quintegra Solutions ended September 30, 2026 with nil cash and cash equivalents despite reporting Rs 1.34 crore of borrowings raised during the half year. The cash-flow statement shows nil cash at the beginning and end of the latest period, as well as nil closing cash for the comparative six-month period.

The statement records an operating cash outflow of Rs 1.34 crore for the latest half year, including the Rs 77.86 lakh loss before tax and a Rs 56.17 lakh movement in current assets and current liabilities. It reported nil net cash from investing activities, with no purchase or sale of fixed assets shown for the six months ended September 30, 2026.

For the six months ended September 30, 2025, the company reported a Rs 6.68 lakh loss before tax, Rs 5.52 lakh spent on fixed assets and Rs 1.16 lakh of borrowings raised. The filing showed a net decrease in cash and cash equivalents of Rs 11.04 lakh for that earlier period, although its stated closing cash balance was nil.

What did the limited review report say?

Quintegra Solutions’ unaudited results for the quarter and half year ended September 30, 2026 were approved by the board on November 4, 2026. The company stated that it operates in one segment and has no subsidiaries, so the filing does not provide segment-level balance-sheet or cash-flow information.

SVSR & Associates issued its limited review report on November 4, 2026. The auditor stated that nothing had come to its attention to suggest the unaudited financial results were not prepared in accordance with applicable accounting standards and disclosure requirements, while noting that a review provides less assurance than an audit.

Conclusion

Quintegra Solutions’ half-year filing shows a Rs 77.86 lakh widening in negative shareholders’ funds to Rs 13.86 crore, alongside a Rs 1.34 crore increase in long-term borrowings to Rs 14.62 crore. Fixed assets stayed at Rs 1.20 crore, current liabilities declined by Rs 56.17 lakh and the company continued to report nil cash.

What to watch next is whether a subsequent financial-results filing shows changes in the Rs 14.62 crore long-term borrowing balance, the Rs 14.32 crore of related-party advances or loans, and the nil cash position. The September 2026 filing does not disclose a repayment target, capital-raising plan or plan to restore positive shareholders’ funds.