Modipon Ltd Reports Q2 FY27 Loss of Rs. 1.18 Lakhs Amidst Legal Disputes
RESULTS
▼ Concern Flagged
HIGH RISK
📅 Filed on BSE: 14 Nov 2026, 04:22 PM IST · BSE ID: 956fb28b-e966-4e40-a312-2c31f0165cad
View Original BSE Filing (PDF)
💡
In Simple Terms
The company reported a loss of Rs. 1.18 Lacs for the recent quarter, with unresolved legal issues ongoing.
🤖 AI Summary
- Modipon Ltd. reported a Net Loss after Tax of Rs. 1.18 Lacs for the quarter ended September 30, 2026.
- For the half year ended September 30, 2026, the company reported a Net Loss after Tax of Rs. 34.60 Lacs.
- Total Assets were Rs. 770.05 Lacs as of September 30, 2026, compared to Rs. 764.66 Lacs as of March 31, 2026.
- The filing details unresolved legal proceedings related to PNB debt settlement and commercial tax liability.
- Balance confirmation certificates were not obtained from certain creditors, impacting the financial results.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Net Loss After Tax (Q2 FY27)
Rs. (1.18) Lacs
Not comparable — limited prior period data.
Net Loss After Tax (Half Year ended Sep 30, 2026)
Rs. (34.60) Lacs
Total Assets (as at Sep 30, 2026)
Rs. 770.05 Lacs
Equity Share Capital (as at Sep 30, 2026)
Rs. 115.76 Lacs
Other Equity (as at Sep 30, 2026)
Rs. (10417.83) Lacs
🏢 How This Affects the Company
Modipon discontinued its manufacturing operations permanently in May 2007, indicating no active core business revenue generation. The company's financial results primarily reflect managing legacy assets and liabilities.
The company reported a Net Loss after Tax of Rs. 1.18 Lacs for Q2 FY27 and Rs. 34.60 Lacs for H1 FY27. Total liabilities amounted to Rs. 7499.04 Lacs as of September 30, 2026.
No current manufacturing operations are active. The company's efforts are directed towards resolving long-standing financial disputes with banks and tax authorities, and managing remaining assets.
Ongoing legal proceedings with Punjab National Bank (PNB) regarding OTS terms and commercial tax authorities represent significant financial and legal risks. The non-provision of interest on overdue amounts to a supplier and unconfirmed balance certificates further elevate financial risk.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders based on this financial results filing.
👤
Who Is Affected
All shareholders are affected by the reported financial losses and ongoing legal and financial uncertainties. The company's Equity Share Capital remained at Rs. 115.76 Lacs.
🔍
Management Signal
The Board's approval of the unaudited results indicates transparency in reporting the company's current financial position and the status of its legacy legal challenges.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List - track these upcoming events
Q3 FY27 financial results — monitor any changes in net loss.
Updates on legal proceedings with Punjab National Bank (PNB).
Further disclosures regarding commercial tax liability settlements.
HIGH RISK
Significant long-standing legal disputes, negative equity, and unconfirmed liabilities pose substantial financial risk.
💡 Investor Takeaway
Modipon Ltd. reported a Net Loss after Tax of Rs. 1.18 Lacs for Q2 FY27 and Rs. 34.60 Lacs for H1 FY27. Total Assets are Rs. 770.05 Lacs. Significant unresolved issues include PNB debt and commercial tax liabilities, impacting financial clarity.
⚖️ Strengths & Concerns
⚠️ Concerns
- Net Loss after Tax for Q2 FY27 was Rs. 1.18 Lacs and for H1 FY27 was Rs. 34.60 Lacs, indicating continued unprofitability.
- Uncertainty remains regarding liabilities due to non-provision of Rs. 1000.54 Lacs interest to a supplier up to March 31, 2008, and unconfirmed balances.
📅 Company Track Record
Modipon Ltd. permanently discontinued its manufacturing operations in May 2007 and disposed of movable assets during FY2009-10. The company has been involved in protracted legal disputes with Punjab National Bank (PNB) and commercial tax authorities concerning outstanding dues and settlement terms since at least 2014, with several court orders and revised OTS proposals noted in past events.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Modipon Ltd.'s net profit/loss for Q2 FY27?
Modipon Ltd. reported a Net Loss after Tax of Rs. (1.18) Lacs for the quarter ended September 30, 2026 (Q2 FY27).
What were Modipon Ltd.'s Total Assets as of September 30, 2026?
As of September 30, 2026, Modipon Ltd.'s Total Assets stood at Rs. 770.05 Lacs.
What is the status of Modipon Ltd.'s manufacturing operations?
Modipon Ltd. permanently discontinued its manufacturing operations effective May 19, 2007.
What is the status of Modipon Ltd.'s legal proceedings with Punjab National Bank?
Modipon Ltd. has ongoing legal proceedings with Punjab National Bank (PNB) related to non-fulfilment of OTS terms, with previous orders from DRT and DRAT, and a stay by the Hon'ble Delhi High Court on DRAT and NCLT proceedings as of October 24, 2019.
Questions based on this BSE filing only. For information purposes.