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Awaiting price reaction for this filing.
The board of Abhishek Infraventures Limited, at its meeting on 29 May 2025, approved the audited standalone and consolidated financial results for the quarter and financial year ended 31 March 2025. The company reported essentially no operating revenue, with total income of just Rs. 0.0027 lakhs for FY25. The standalone net loss narrowed to Rs. 7.14 lakhs in FY25, compared to a loss of Rs. 26.06 lakhs in FY24. On a consolidated basis, the loss for the period stood at Rs. 21.42 lakhs (FY25) versus Rs. 26.06 lakhs (FY24). The company's reserves and surplus are negative at Rs. (97.06) lakhs standalone, indicating accumulated losses exceeding its equity base. Statutory auditor N G Rao & Associates issued an unqualified/modified opinion on the results. The board also appointed M/s. Aakanksha Dubey & Co, Practicing Company Secretaries, as Secretarial Auditors for FY 2025-26.
The company continues to post losses with virtually no revenue and carries negative reserves, signaling persistent financial weakness. While the year-on-year loss has reduced, the fundamentals remain weak and shareholders should view this filing cautiously, as the business is not yet generating meaningful income.