Cura Technologies Posts Rs 1.48 Crore Loss, Highlights Going Concern Risks

Cura Technologies reported a net loss of Rs 148.45 lakh for FY 2025-26, compared to a loss of Rs 66.30 lakh in FY 2024-25.

Reader Takeaway: Revenue has returned, but deepening losses and a significant current liability mismatch pose major financial sustainability risks.

What just happened

Cura Technologies has released its notice for the 35th Annual General Meeting (AGM), scheduled for September 28, 2026, via video conferencing. The filing reveals a challenging financial year characterized by widening losses despite generating Rs 83.49 lakh in revenue from operations, compared to no revenue in the prior year.

Why this matters

Management has explicitly identified material uncertainty regarding the company’s ability to function as a going concern. With total current liabilities standing at Rs 1,068.59 lakh against current assets of Rs 396.86 lakh, the company faces a liquidity gap of Rs 671.73 lakh. Investors must watch how the board plans to bridge this funding shortfall.

The backstory

The company is in a recovery phase following an NCLT-approved insolvency resolution process. In June 2025, it allotted 7,50,000 equity shares to a strategic financial investor to bolster capital. Recently, the company also appointed Mr. Saraswathula Sivaramakrishna Mohan Babu as Managing Director.

Risks to watch

Auditors have raised several red flags, including unidentified and unquantified legacy liabilities inherited from a past scheme of amalgamation. Additionally, the company’s accounting software failed to maintain a mandatory audit trail (edit log) for the entire fiscal year. The company also paid a penalty of Rs 50,000 plus GST to the NSE for delays in filing approval applications.

What to track next

The 35th AGM will be a critical venue for shareholders to demand transparency regarding the resolution of legacy liabilities and the specific plans to restore a healthy working capital balance.