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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Heera Ispat Ltd

Heera Ispat Reports (24.87) INR Lakhs Net Loss in Q2 FY27; Auditors Flag Going Concern

RESULTS ▼ Concern Flagged HIGH RISK
📅 Filed on BSE: 05 Nov 2026, 01:06 PM IST  ·  BSE ID: 3252f766-b974-45c7-8849-b35a79e2befe
View Original BSE Filing (PDF)
💡
In Simple Terms
Heera Ispat reported a loss and no sales for the quarter, with auditors questioning its ability to continue as a business.
🤖 AI Summary
  • Heera Ispat reported a net loss of (24.87) INR Lakhs for the quarter ended September 30, 2026 (Q2 FY27).
  • Revenue from operations was Nil for Q2 FY27 and the half year ended September 30, 2026.
  • Auditors issued a qualified opinion due to material uncertainty about the company's going concern status.
  • Total Expenses for Q2 FY27 stood at 24.87 INR Lakhs, primarily driven by Penalty Expense of 20.30 INR Lakhs.
  • Cash and cash equivalents closing balance was 2.18 INR Lakhs as of September 30, 2026.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Revenue from operations (Q2 FY27)
Nil INR Lakhs
Not comparable — limited prior period data.
Total Expenses (Q2 FY27)
24.87 INR Lakhs
Not comparable — limited prior period data.
Profit (Loss) for the period (Q2 FY27)
(24.87) INR Lakhs
Not comparable — limited prior period data.
Basic EPS (Q2 FY27)
(0.03)
Not comparable — limited prior period data.
Total Assets (as of Sep 30, 2026)
6.79 INR Lakhs
Equity share capital (as of Sep 30, 2026)
588.28 INR Lakhs
Other equity (as of Sep 30, 2026)
(675.95) INR Lakhs
🏢 How This Affects the Company
📈
Business Impact
The company recorded Nil revenue from operations for the quarter and half year ended September 30, 2026, indicating no active core business income during these periods.
💰
Financial Impact
Heera Ispat incurred a net loss of (24.87) INR Lakhs for Q2 FY27, impacting other equity which stands at (675.95) INR Lakhs as of September 30, 2026.
⚠️
Risk Impact
Auditors issued a qualified opinion due to a material uncertainty about the company's ability to continue as a going concern, a significant financial risk.
👥 What This Means For Shareholders
✅
Action Required
Shareholders are not required to take any immediate action based on this financial results filing.
👤
Who Is Affected
All shareholders are affected by the reported net loss of (24.87) INR Lakhs and the auditors' concerns regarding the company's going concern status.
🔍
Management Signal
The management's report, despite the Nil revenue and auditor's note, suggests belief in the company's ability to continue as a going concern.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Q3 FY27 financial results — check for revenue from operations or reduction in losses.
Updates on auditor's going concern remarks — monitor management actions to mitigate.
Any further disclosures regarding operational revival or business segment changes.
HIGH RISK Nil revenue from operations and auditor's qualified opinion on going concern indicate significant business risk.
💡 Investor Takeaway
Heera Ispat reported a net loss of (24.87) INR Lakhs for Q2 FY27, with Nil revenue from operations. The company's auditors issued a qualified opinion, citing a material uncertainty about its ability to continue as a going concern, a key factor for investors to note.
⚖️ Strengths & Concerns

⚠️ Concerns

  • Heera Ispat reported Nil revenue from operations for Q2 FY27, indicating a lack of core business income.
  • The auditors' qualified opinion on the company's going concern status highlights significant financial uncertainty.
📅 Company Track Record
Heera Ispat Ltd. reported a (1.80) INR Lakhs loss for Q1 FY27, following a (24.87) INR Lakhs net loss for Q2 FY27. This continues a trend of reported losses, with previous filings also noting auditor concerns regarding the company's going concern status.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What was Heera Ispat Ltd.'s net profit/loss for Q2 FY27?
Heera Ispat Ltd. reported a net loss of (24.87) INR Lakhs for the quarter ended September 30, 2026 (Q2 FY27).
What was Heera Ispat Ltd.'s revenue from operations in Q2 FY27?
Heera Ispat Ltd. recorded Nil revenue from operations for the quarter and half year ended September 30, 2026 (Q2 FY27).
What concern did auditors raise regarding Heera Ispat Ltd. in their report for Q2 FY27?
Auditors issued a qualified opinion, citing a material uncertainty that may cast significant doubt on Heera Ispat Ltd.'s ability to continue as a going concern.
What were the total expenses for Heera Ispat Ltd. in Q2 FY27?
Total Expenses for Heera Ispat Ltd. were 24.87 INR Lakhs for the quarter ended September 30, 2026 (Q2 FY27).
What was Heera Ispat Ltd.'s basic earnings per share (EPS) for Q2 FY27?
Heera Ispat Ltd.'s basic earnings per share (EPS) was (0.03) for the quarter ended September 30, 2026 (Q2 FY27).

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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