Siddha Ventures Reports Q2 Loss, Appoints New Internal Auditor

Siddha Ventures has reported its financial results for the quarter ended September 30, 2025, revealing a widened net loss and a decline in revenue. The company has also announced the appointment of a new internal auditor.

Financial Performance

The company's financial performance for Q2 2025 shows a significant downturn compared to the same period last year:

The company experienced a substantial decline in revenue from operations, which fell by 65.18% year-over-year. The net loss for the quarter increased significantly, rising from ₹2.31 lakhs in Q2 2024 to ₹9.82 lakhs in Q2 2025, representing a 325.11% increase in losses.

Corporate Governance Update

In a move to strengthen its internal controls, Siddha Ventures' board of directors has approved the appointment of M/s Rahul Bansal & Associates, Chartered Accountants (FRN No: 327098E), as the company's internal auditor for the financial year 2025-2026. The appointment is in compliance with Section 138 of the Companies Act, 2013.

Board Meeting Details

The company's board meeting, where these decisions were made, was held on November 13, 2025. The meeting commenced at 3:00 PM and concluded at 4:30 PM. During this meeting, the board considered and approved the unaudited financial results for the quarter ended September 30, 2025, in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Siddha Ventures, headquartered at "Sethia House", 1st Floor, 23/24, Radha Bazar Street, Kolkata-700 001, continues to navigate challenging market conditions. Investors and stakeholders will be closely watching the company's performance in the coming quarters for signs of potential turnaround strategies or improvements in financial metrics.