Cerebra Integrated Technologies Limited announced its unaudited financial results for the third quarter and nine months ended December 31, 2025, revealing significant losses amid declining revenue performance. The company's Board of Directors approved these results during their meeting held on February 13, 2026.

Financial Performance Overview

The company reported substantial losses across both quarterly and nine-month periods, with revenue experiencing a sharp decline compared to the previous year.

Expense Analysis

The company's total expenses for the quarter stood at ₹2,333.39 lakhs, significantly higher than the total income. Other expenses constituted the largest component at ₹2,040.94 lakhs, while finance costs reached ₹195.45 lakhs for the quarter.

Auditor Concerns and Disclaimer

The independent auditors YCRJ & Associates issued a disclaimer of conclusion on both standalone and consolidated financial results, citing several material concerns. Key issues include inventory devaluation of ₹9.76 crore without adequate supporting documentation, trade receivables of ₹142.49 crore with ₹141.25 crore outstanding for over one year, and overseas dues of ₹100.28 crore from the sale of erstwhile subsidiary Cerebra Middle East FZCO Dubai.

Consolidated Results

The consolidated financial results, including subsidiary Cerebra LPO India Limited, showed similar performance with a net loss of ₹1,674.57 lakhs for the quarter and ₹4,049.66 lakhs for nine months. The subsidiary company faces going concern issues with completely eroded net worth of ₹700.50 lakhs.

Business Operations

Cerebra Integrated Technologies operates in the E-Waste Recycling & Refurbishment segment, representing its single reportable business segment under IND AS 108. The company continues to face operational challenges reflected in its declining revenue and persistent losses.

Cerebra Integrated Technologies Limited has received an e-auction sale notice from Canara Bank under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act). The notice was received on January 23, 2026, marking an escalation in the bank's recovery proceedings against the company.

Regulatory Disclosure Details

The company has informed stock exchanges about receiving the e-auction sale notice under Section 13(4) of the SARFAESI Act from Canara Bank, which serves as a secured lender to the company. This disclosure was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Background and Timeline

The current e-auction notice represents a continuation of earlier proceedings, as the company had previously issued an intimation dated July 15, 2025. This suggests that the matter has progressed from the initial demand notice stage to the auction phase under the SARFAESI framework.

Company Response and Compliance

Cerebra Integrated Technologies has fulfilled its disclosure obligations by promptly informing both BSE Limited and National Stock Exchange of India Limited about this development. The communication was signed by Vishwamurthy Phalanetra, Whole Time Director, ensuring proper corporate governance protocols were followed.

SARFAESI Act Implications

Under the SARFAESI Act, secured lenders have the authority to recover dues without court intervention by taking possession of secured assets and conducting their sale through public auction. The e-auction sale notice indicates that Canara Bank is proceeding with the enforcement of its security interest against the company's assets.