Deccan Polypacks Resubmits Q2 Financials, Reports Widening Losses

Deccan Polypacks Limited , a company listed on the Bombay Stock Exchange (BSE), has resubmitted its financial results for the quarter ended September 30, 2023, following observations raised by the stock exchange. The resubmission comes after the company erroneously filed its previous submission in an outdated format.

Key Financial Highlights

The revised financial statement reveals some concerning figures for the company:

Particular	Amount (in lakhs)
Net Loss	2.52
Total Comprehensive Loss	2.52
Other Equity	-1,571.44

It's worth noting that the company's other equity has seen a significant decline, plummeting to negative Rs. 1,571.44 lakhs from negative Rs. 205.98 lakhs reported in March 2023.

Quarterly Performance

The resubmitted results provide a more detailed view of the company's performance for the quarter:

Particular	Q2 2023 (in lakhs)	Q1 2023 (in lakhs)
Total Revenue	0.00	0.00
Total Expenses	2.52	29.08
Profit/(Loss) before tax	-2.52	-29.08

The company reported no revenue for both Q1 and Q2 of 2023, while expenses decreased from Rs. 29.08 lakhs in Q1 to Rs. 2.52 lakhs in Q2.

Balance Sheet Overview

The balance sheet as of September 30, 2023, presents a challenging financial position:

Particular	Amount (in lakhs)
Total Assets	5.40
Total Equity	-1,359.99
Total Liabilities	1,365.35

The negative equity position indicates that the company's liabilities exceed its assets, which could be a cause for concern for investors and stakeholders.

Management Commentary

The company has not provided any specific management commentary on the results or the reasons behind the resubmission in the available data. However, the resubmission following BSE's observations demonstrates the company's commitment to regulatory compliance and transparency.

Investor Considerations

Investors and market participants should note that the company's financial position appears to be under stress, as evidenced by the widening losses and negative equity. The lack of revenue generation in the recent quarters may also raise questions about the company's operational status and future prospects.

It's crucial for stakeholders to closely monitor any further updates or clarifications from Deccan Polypacks regarding its financial position and strategic plans moving forward.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.43%	+0.30%	-12.42%	+124.49%	+174.77%	+909.17%

Deccan Polypacks Limited , a company listed on the Bombay Stock Exchange (BSE), has reported a substantial loss for the quarter ended September 30, 2025. The company's financial results, approved by its Board of Directors, reveal concerning figures that highlight ongoing challenges.

Financial Performance

The unaudited financial results for Q2 FY2026 show:

Particulars	Amount (Rs. in Lakhs)
Total Income	1.97
Total Expenses	30.37
Loss After Tax	31.59

The company's performance indicates a significant imbalance between income and expenses, resulting in a considerable loss for the quarter.

Balance Sheet Highlights

The balance sheet as of September 30, 2025, presents a challenging financial position:

Particulars	Amount (Rs. in Lakhs)
Other Equity	(1,571.44)
Long-term Borrowings	1,363.87
Total Assets	5.40
Total Equity	(1,359.94)

The negative other equity and the substantial long-term borrowings compared to the total assets suggest severe financial distress.

Auditor's Observations

The limited review report by GMK Associates, Chartered Accountants, highlights two critical points:

The financial results have not been prepared on a going concern basis.
There is an absence of confirmation of balances, introducing uncertainties in the financial statements.

Despite these observations, the auditors' report remains unmodified.

Company's Operations

Deccan Polypacks Limited, headquartered in Hyderabad, Telangana, appears to have discontinued its operations. The profit and loss statement categorizes all entries under "DISCONTINUED OPERATION," indicating that the company is no longer actively engaged in its primary business activities.

Board Meeting Details

The company's Board of Directors met on November 12, 2025, at 2:00 PM to approve these unaudited financial results. The meeting concluded at 3:30 PM on the same day.

Investor Considerations

Given the company's financial position and the auditor's emphasis on the going concern issue, investors and stakeholders should exercise caution. The significant disparity between income and expenses, coupled with the negative equity position, raises questions about the company's future viability and ability to meet its financial obligations.

The absence of any reported income from operations and the classification of all activities under discontinued operations suggest that Deccan Polypacks Limited may be in the process of winding down its business or undergoing a significant restructuring.

Shareholders and potential investors are advised to closely monitor any further announcements from the company regarding its plans for addressing these financial challenges and any potential corporate actions that may impact their investments.