Annual Audited financial results 31.03.2025
Awaiting price reaction for this filing.
Simplex Mills Company Ltd announced its audited annual results for FY25 along with Q4 figures on 20 May 2025. The auditor (Khandelwal & Mehta LLP) issued an unmodified opinion but included an Emphasis of Matter noting that the company's net worth is fully eroded (negative ₹3.47 crore) due to accumulated losses, indicating a material uncertainty around going concern. The company reported a small pre-tax loss of ₹3.17 lakh in FY25, narrower than the ₹14.09 lakh loss in FY24. Cash flow from operations remained negative at ₹23.51 lakh. The board also appointed M/s Taher Sapatwala & Associates as Secretarial Auditor for five years on a voluntary basis, and the 27th AGM is scheduled for 5 August 2025.
The negative net worth and emphasis-of-matter going concern flag are red flags for shareholders, even though the statutory audit opinion itself is clean. The company is extremely small (paid-up capital just ₹30,004) and continues to burn cash, suggesting very limited operational activity and elevated solvency risk.