Radhagobind Commercial reports no sales, Rs 8.42 lakh loss

Radhagobind Commercial Limited reported no revenue from operations and a Rs 8.42 lakh net loss for the six months ended 30 September 2026, while cash and cash equivalents fell by Rs 2.02 crore to Rs 5.61 crore from 31 March 2026. Its total half-year income was Rs 9.78 lakh, entirely recorded as other income.

Why did Radhagobind Commercial report a first-half loss?

Radhagobind Commercial reported a Rs 8.42 lakh loss after tax for the six months ended 30 September 2026 because Rs 9.78 lakh of other income did not cover Rs 18.20 lakh of expenditure. It recorded no net sales or income from operations in the half year, meaning all reported income was classified as other income. With no tax expense or other comprehensive income reported, loss before tax and loss after tax were both Rs 8.42 lakh.

The six-month loss was lower than the Rs 45.86 lakh loss after tax for the year ended 31 March 2026, although the two periods are not directly comparable. Employee cost was Rs 0.60 lakh in the latest half year versus Rs 8.84 lakh in FY2025-26, while other expenditure was Rs 17.60 lakh compared with Rs 25.17 lakh in the full prior year. Earnings per share (EPS), not annualised, was negative Rs 0.06 for the half year.

How did Radhagobind Commercial's September quarter compare with June?

Radhagobind Commercial narrowed its quarterly loss to Rs 1.68 lakh in the three months ended 30 September 2026 from Rs 6.73 lakh in the three months ended 30 June 2026. Other income rose by Rs 0.22 lakh to Rs 5.00 lakh, while total expenditure declined by Rs 4.82 lakh to Rs 6.69 lakh. The company reported no operating revenue in either quarter.

The reduction in total expenditure reflected other expenditure of Rs 6.39 lakh in the September quarter, down from Rs 11.21 lakh in the June quarter. Employee cost was unchanged at Rs 0.30 lakh in both quarters. The quarterly results recorded no depreciation, amortisation or finance cost, while the year ended 31 March 2026 included Rs 14.59 lakh of finance cost.

Paid-up equity share capital was unchanged at Rs 1.44 crore at 30 September 2026. The filing records 1.44 crore equity shares with a face value of Rs 1 each, after the face value changed from Rs 10 to Rs 1 on 6 June 2023. It says the number of shares increased from 14.40 lakh without changing total paid-up capital.

What happened to Radhagobind Commercial's cash and balance sheet?

Radhagobind Commercial's cash and cash equivalents fell by Rs 2.02 crore in the six months to 30 September 2026, closing at Rs 5.61 crore compared with Rs 7.63 crore at 31 March 2026. The cash-flow statement reports a net decrease of Rs 2.02 crore for the period. Total assets declined to Rs 5.69 crore from Rs 7.70 crore, while property, plant and equipment was unchanged at Rs 8,000.

Other equity was negative Rs 6.82 crore at 30 September 2026, compared with negative Rs 6.73 crore at 31 March 2026. The balance sheet reported Rs 1.57 crore of short-term borrowings, unchanged from March, Rs 5.91 crore of other current liabilities, and Rs 3.59 crore of provisions. Other current liabilities declined from Rs 7.84 crore at 31 March 2026, while other current assets increased to Rs 8.11 lakh from Rs 7.57 lakh.

What is the status of Radhagobind Commercial's insolvency process?

Radhagobind Commercial's Corporate Insolvency Resolution Process was in its final stage as of the limited-review report dated 13 November 2026. The auditor said the Committee of Creditors had approved a resolution plan and that approval by the adjudicating authority was being pursued. The report identified a material uncertainty that may cast significant doubt on the company's ability to continue as a going concern, without modifying its review conclusion.

Najeeb T. P., the resolution professional, took the unaudited standalone results on record on 13 November 2026, and the filing says the board's powers are suspended and exercised by the resolution professional. The announcement describes the insolvency process as following an NCLT Kolkata Bench order dated 30 October 2026. However, the filing header and a note to the results state that the petition by Fort Cafe Food Services Pvt Ltd was accepted on 30 October 2025.

The statutory auditor conducted a limited review under Standard on Review Engagements 2410 rather than an audit. The report states that this work is based principally on inquiries and analytical procedures and provides less assurance than an audit. It also states that nothing came to the auditor's attention to indicate non-compliance with disclosure requirements under Regulation 33 of the Securities and Exchange Board of India listing rules.

Conclusion

Radhagobind Commercial's half-year figures show no reported operating sales for the six months ended 30 September 2026, with Rs 9.78 lakh of other income against Rs 18.20 lakh of expenditure. The Rs 8.42 lakh loss coincided with negative other equity of Rs 6.82 crore, while cash fell to Rs 5.61 crore and other current liabilities stood at Rs 5.91 crore.

The next disclosed development is the adjudicating authority's decision on the resolution plan approved by the Committee of Creditors. The auditor's 13 November 2026 report describes the process as being in its final stage, while also identifying material uncertainty over Radhagobind Commercial's ability to continue as a going concern.