Cerebra Integrated Technologies Ltd Announces Unaudited Financial Results for Q1 2026; Auditors Raise Concerns Over Going Concern and Receivables

Cerebra Integrated Technologies Ltd Announces Unaudited Financial Results for Q1 2026; Auditors Raise Concerns Over Going Concern and Receivables​

Cerebra Integrated Technologies Limited has announced its unaudited financial results for the first quarter ended June 30, 2026. The company’s Board of Directors considered and approved these results, prepared as per IND AS, during a meeting held on August 13, 2026.

The company is also scheduling its 32nd Annual General Meeting (AGM) to be held on Tuesday, September 29, 2026, via Video Conferencing (VC)/Other AudioVisual Means (OAVM).

Q1 Financial Performance Summary​

The unaudited results show significant operating losses across the first quarter. The company operates in the E-Waste Recycling & Refurbishment segment.

Key financial figures for the standalone and consolidated entities are presented below, with all amounts reported in INR in Lakhs (except EPS).

Standalone Unaudited Financial Results: Q1 Ended June 30, 2026


Consolidated Unaudited Financial Results: Q1 Ended June 30, 2026

Auditor’s Review Highlights and Warnings​

The Independent Auditor's Limited Review Report for both the Standalone and Consolidated Unaudited Financial Results highlighted several material concerns regarding the company's financial stability.

Going Concern Status
Both review reports noted that the management prepared its financial results on a going concern basis, despite the fact that the Holding Company has incurred significant operating losses during the current and previous financial years. The company has also substantially reduced its workforce, ceased certain key operations, including refurbishment activities, and experienced a substantial decline in revenues. Furthermore, the holding company is facing challenges in meeting its obligations, including servicing current liabilities and income tax dues, while an application for Corporate Insolvency and Resolution Process (CIRP) was filed before NCLT Bengaluru Bench on June 15, 2026.

Receivables and Dues Status
The reports drew attention to the status of trade receivables and overseas dues:

• The company’s trade receivables as at June 30, 2026, amount to Rs. 142.60 Crore, of which Rs. 142.46 crore is outstanding for more than one year.
• A significant portion of the operational risk stems from an overseas party amounting to Rs. 100.28 Crore (Rs. 15.00 Crore in Other current assets and Rs. 85.28 Crore in Other Non-current assets). These dues relate to the sale consideration of the erstwhile subsidiary M/s Cerebra Middle East FZCO Dubai, and the payment period has been expired and overdue for more than two years. The company has not made any provision for bad and doubtful receivables concerning this amount.
• The holding company also gave Rs. 20.30 Crore towards Capital Advances and Other Advances to various parties that are outstanding for more than one year, and no provision has been made for the bad and doubtful portion of these advances.

Subsidiary Performance
The Unaudited Consolidated Financial Results include M/s Cerebra LPO India Limited, a subsidiary, whose interim financial information reflected total revenues (including other income) of Nil and reported a total net loss of Rs. 0.10 lakh for the quarter ended June 30, 2026.

The findings regarding the company’s operations were reviewed by YCRJ & Associates in accordance with SRE 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity," and they stated that they are unable to comment on regulatory compliances, recoverability of dues, and its impact on the Statement due to the substantive nature and significance of these matters.

CEREBRAINT Stock Price Movement​

Cerebra Integrated Technologies Limited shares today slipped by 3.70% to settle at ₹2.6, as the stock moved in a negative trend after market close. The decline highlights that the equity tumbled to its 52-week low, closing down ₹0.10 from its previous close and setting a bearish tone for tomorrow's trading.