iSERA Lifesciences Q1FY27 net loss widens to ₹33.62 lakh on zero revenue

2 min read     Updated on 07 Aug 2026, 03:37 PM
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Shriram SScanX News Team
AI Summary

iSERA Lifesciences Ltd reported a standalone net loss of ₹33.62 lakh for Q1FY27, reversing the ₹54.98 lakh profit from Q4FY26. With zero revenue and persistent other expenses of ₹31.31 lakh, the company's reserves deteriorated to ₹(49.81) lakh.

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iSERA Lifesciences reported a standalone net loss of ₹33.62 lakh for the quarter ended June 30, 2026 (Q1FY27), marking a significant deterioration from the ₹54.98 lakh profit posted in the preceding quarter. The company recorded zero revenue from operations and zero other income during the period, resulting in a complete absence of top-line growth. Total expenses for the quarter amounted to ₹33.62 lakh, leading to a basic earnings per share (EPS) of ₹(1.60), compared to ₹1.58 in Q4FY26.

The Board of Directors, including Managing Director Jayshree Suresh Jain, approved the unaudited financial results on August 7, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and subjected to a limited review by the independent auditor, G M K S & Co, Chartered Accountants, in accordance with Standard on Review Engagements (SRE 2410). The company operates in the IT/ITES sector and has no separate reportable segments under Ind AS-108.

Financial Performance

The financial statement highlights a stark contrast between the current quarter and the previous period. While iSERA Lifesciences generated ₹116.18 lakh in revenue from operations in Q4FY26, this figure dropped to nil in Q1FY27. Other income also ceased, falling from ₹5.77 lakh to zero. Despite the lack of revenue, the company incurred expenses totaling ₹33.62 lakh.

Particulars Q1FY27 (₹ Lakh) Q4FY26 (₹ Lakh) Q1FY26 (₹ Lakh) FY26 (₹ Lakh)
Revenue From Operations - 116.18 - 135.50
Other Income - 5.77 - 7.02
Total Revenue - 121.95 - 142.52
Employee Benefits Expense 2.31 4.03 - 5.25
Other Expenses 31.31 55.24 1.54 103.63
Total Expenses 33.62 59.27 1.54 108.88
Net Profit / (Loss) (33.62) 54.98 (1.54) 25.94

What the Numbers Show

The most critical aspect of this filing is the divergence between revenue generation and cost structure. In Q4FY26, the company maintained a positive operating margin with revenues significantly outpacing expenses. In Q1FY27, the cessation of revenue operations did not lead to a proportional reduction in costs. "Other Expenses" remained substantial at ₹31.31 lakh, accounting for nearly 93% of total quarterly outflows. This suggests that fixed or semi-fixed operational costs continue to be incurred despite the lack of business activity, eroding the reserves which now stand at ₹(49.81) lakh, a deterioration from ₹(16.19) lakh at the end of FY26. The paid-up equity share capital remains unchanged at ₹840.90 lakh.

Historical Stock Returns for iSERA Lifesciences

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%0.0%+3.01%+409.20%+3,334.37%+20,457.14%

What specific strategic initiatives or cost-cutting measures is iSERA Lifesciences planning to implement to reverse the trend of zero revenue and rising expenses?

How does the company intend to fund its ongoing operational costs given the depletion of reserves to ₹(49.81) lakh and the absence of top-line growth?

Are there any pending contracts, regulatory approvals, or product launches expected in Q2FY27 that could restore revenue generation from operations?

iSERA Lifesciences approves preferential issue amendments

2 min read     Updated on 29 Jun 2026, 08:57 PM
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Naman SScanX News Team
AI Summary

iSERA Lifesciences Limited secured shareholder approval for amendments to its preferential issue disclosures, correcting a share allocation error and adding detailed post-issue capital holdings. The resolutions were passed with 100% of votes cast during a re-opened e-voting process from June 27 to June 29, 2026.

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iSERA Lifesciences Limited (Formerly known as Covidh Technologies Limited) has secured shareholder approval for two key amendments to the explanatory statement of its proposed preferential issue through a re-opened postal ballot process. The resolutions, which address a typographical error in share allocation and provide detailed post-issue capital disclosures, were passed with 100% of the valid votes cast. The voting process was conducted remotely from June 27, 2026, to June 29, 2026, following a corrigendum issued on June 26, 2026, to comply with BSE Limited queries under the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Corrections to Share Allocation

The first resolution approved the correction of a typographical error in the number of equity shares to be allotted to Dhairyasheel Vasantrao Yadav, Promoter & Director. The filing rectified the entry from "4,50,50" to 4,50,500 equity shares. His pre-issue shareholding stands at 11,15,000 shares. The underlying resolution for the preferential issue had already been passed by members on May 21, 2026, and this vote solely confirmed the disclosure amendments.

Post-Issue Capital Holdings

The second resolution replaced a general statement regarding post-preferential issue capital with a detailed person-wise disclosure. The percentage of post-preferential issue capital to be held by each allottee was disclosed, confirming that the existing promoters will continue to be the promoters of the company and that there will be no change in management or control.

Sr. No. Name of Allottee % of Post-Preferential Issue Capital
1 Shubhangi Dhanraj Garad 14.46%
2 Sumeet Dhanraj Garad 5.25%
3 Pratap Dadasaheb Deshmukh 5.43%
4 Ritu Dhanraj Garad 3.44%
5 Archana Kakasaheb Lonkar 4.86%
6 Nandkumar Subhash Kadam 6.39%
7 Dhairyasheel Vasant Rao Yadav 6.37%
56 Nav Capital VCC — Nav Capital Emerging Star Fund 4.07%
57 M7 Global Fund PCC — Cell Dewcap Fund 1.73%
67 Dovetail Global Fund PCC All Seasons India Opportunities Fund 0.61%

Voting Results Summary

The re-opened e-voting process was managed by CS Anuj Gupta of M/s. Anuj Gupta & Associates. A total of 13 members participated, casting 553,230 valid votes in favour of both resolutions. No votes were cast against the resolutions. The detailed results are outlined below:

Resolution Votes For Votes Against % For
Resolution 1 (Share Correction) 553,230 0 100%
Resolution 2 (Capital Disclosure) 553,230 0 100%

The company confirmed that the votes cast during the original e-voting window in April and May 2026 on the original Item No. 7 were cancelled, and only the votes from this re-opened process were considered for these specific amendments.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE899M01020/dd897bfe-de3d-4055-9c64-1c6b3309747c.pdf

Historical Stock Returns for iSERA Lifesciences

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%0.0%+3.01%+409.20%+3,334.37%+20,457.14%

What is the intended use of proceeds from the preferential issue now that the disclosure amendments have been approved?

How will the entry of institutional investors like Nav Capital Emerging Star Fund impact the company's governance and future strategic direction?

What is the timeline for the final allotment of shares and listing following the rectification of the typographical error?

More News on iSERA Lifesciences

1 Year Returns:+3,334.37%