Announcement of Financial Results for the Quarter and Year ended 31 March 2025 during CIRP. No Board Meeting conducted. Announcement being made by CFO and RP.
Awaiting price reaction for this filing.
Technofab Engineering, which has been under Corporate Insolvency Resolution Process (CIRP) since November 2022, filed its Q4 and FY25 results very late (November 2025) under the signature of the Resolution Professional and CFO, as the Board of Directors remains suspended. Revenue from operations collapsed to Rs 1,834.14 lakhs in FY25 from Rs 5,351.17 lakhs in FY24, a decline of roughly 66%. The company posted a net loss of Rs 1,992.63 lakhs for FY25 (slightly narrower than FY24 loss of Rs 2,165.81 lakhs), including a Rs 1,068.47 lakhs impairment loss on its investment in a subsidiary. Net worth is deeply negative at approximately Rs (25,896) lakhs, trade receivables remain stuck at around Rs 21,683 lakhs, and total current borrowings stand at Rs 38,430 lakhs. The company disclosed that loans have been classified as non-performing assets by lenders, bank guarantees have been invoked, and it has been unable to complete projects on time. Operating cash flow was negative at Rs (1,262) lakhs for the year.
With CIRP ongoing, a deeply negative net worth, massive debt overhang, and continued losses, existing equity shareholders face near-total wipeout risk; the stock remains highly speculative and any resolution plan will likely prioritize lenders and creditors over equity holders.