N.R. International reported a net loss of Rs 16.82 lakh for FY 2025-26, up from Rs 0.65 lakh previously, as total revenue dropped to Rs 28.95 lakh. The company remains under a BSE trading suspension while grappling with Rs 14.80 crore in contingent income tax liabilities and ongoing statutory non-compliance issues regarding inter-corporate loans.
N.R. International FY26 Results and Compliance Update
Net loss widened to Rs 16.82 lakh in FY 2025-26; total revenue declined to Rs 28.95 lakh.
Reader Takeaway: The firm faces severe regulatory hurdles, including a trading suspension and significant contingent tax liabilities.
What just happened
N.R. International Limited recently disclosed its annual performance, revealing a deepening financial deficit and ongoing operational struggles. The company, which operates in coal and coke transportation, saw its total revenue drop from Rs 77.86 lakh in FY 2024-25 to Rs 28.95 lakh this year.
Why this matters
The company’s equity shares remain suspended on the BSE, locking investor capital. The management has confirmed they are attempting to engage with regulators to resolve pending queries and revive trading, though no definitive timeline has been provided.
Auditor and Compliance Notes
Auditors have raised significant red flags regarding statutory compliance. The company failed to adhere to Sections 185 and 186 of the Companies Act, 2013, concerning unsecured loans granted to Bharat Global Private Limited, Geothermal Logistics, and Sangeeta Nirmal Modi. Furthermore, the company faces a contingent tax liability of approximately Rs 14.80 crore linked to assessment years 2014-15 through 2017-18.
Governance Changes
The company has refreshed its leadership team to address these challenges. Mr. Aman Kumar Singh was appointed as an Independent Director in August 2025, and Mr. Gaurav Pandey took charge as the Company Secretary and Compliance Officer in December 2025.
Risks to watch
Beyond the trading suspension and tax litigation, investors should be wary of the company's internal control weaknesses, which the auditor specifically cited as problematic. The management is currently exploring real estate ventures to diversify, but the lack of expansion plans beyond internal accruals remains a bottleneck for growth.
What to track next
Watch for official communication from the BSE regarding the lifting of the trading suspension and progress on the tax appeals process.