Indian Link Chain Manufactures Limited (ILCM) has released its unaudited financial results for the quarter and half-year ended September 30, 2025, revealing a shift in financial performance and significant changes in its capital structure.

Financial Performance

ILCM reported a net loss of ₹2.86 crore for the quarter ended September 30, 2025, a stark contrast to the profit of ₹2.77 crore in the previous quarter. The company's revenue from operations stood at ₹7.20 crore for the quarter.

Balance Sheet Highlights

The company's balance sheet underwent substantial changes:

All figures in crores

Capital Restructuring

The significant increase in equity share capital from ₹50.00 crore to ₹267.50 crore indicates substantial capital raising activities. This is further supported by the growth in other equity, which rose from ₹283.24 crore to ₹1,013.71 crore.

Cash Flow Statement

The cash flow statement reveals key financial movements:

• Net cash used in operating activities: ₹4,564.58 crore
• Net cash from investing activities: ₹1.49 crore
• Net cash from financing activities: ₹2,680.25 crore

The company issued shares through a preferential issue, raising ₹1,544.25 crore, and received ₹1,136.00 crore against share applications and warrants.

Management Approval

The financial results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on October 13, 2025.

Conclusion

While ILCM reported a loss for the quarter, the substantial increase in total assets and cash reserves, coupled with significant capital raising activities, suggests a strategic shift in the company's financial structure. The company's future performance and utilization of the newly raised capital will be of interest to investors and stakeholders.

Indian Link Chain Manufactures has seen a significant development in its ownership structure as ASCENTEDGE ADVISORS LLP acquired a substantial stake through a preferential allotment of warrants. This acquisition marks a notable change for both the acquirer and the target company.

Acquisition Details

ASCENTEDGE ADVISORS LLP has acquired 5,00,000 warrants/convertible securities in Indian Link Chain Manufactures. This acquisition represents 6.27% of the company's total diluted share capital. The transaction took place through a preferential allotment.

Shareholding Impact

Prior to this transaction, ASCENTEDGE ADVISORS LLP held no shares in the target company. The acquisition of these warrants has given them a significant foothold in Indian Link Chain Manufactures. It's worth noting that ASCENTEDGE ADVISORS LLP is not part of the promoter group of the company.

Company Capital Structure

Following the transaction, the equity share capital of Indian Link Chain Manufactures remains unchanged at 26,75,000 shares. However, the total diluted share capital now stands at 79,75,000 shares, reflecting the potential impact of the newly issued warrants.

Market Listing

Indian Link Chain Manufactures' shares are listed on BSE Limited, providing liquidity and trading opportunities for investors.

Regulatory Compliance

The acquisition has been reported in compliance with Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This ensures transparency in the transaction and keeps the market informed about significant changes in shareholding patterns.

Acquirer Details

ASCENTEDGE ADVISORS LLP, the acquirer in this transaction, is based in Mumbai. Their registered address is Next 13 122, Ramabai, Ambedkar Nagar EEH Road, Mumbai, 400075. The firm's PAN is ACEFA4623K, and the disclosure was signed by Harsh Jain, a Designated Partner with DIN: 10469303.

This acquisition by ASCENTEDGE ADVISORS LLP could potentially influence the future direction and strategy of Indian Link Chain Manufactures. Investors and market watchers will likely keep a close eye on any subsequent developments or changes in the company's operations following this significant stake acquisition.