Annual Report attached herewith
Awaiting price reaction for this filing.
Asian Flora Limited filed its annual report for the year ended 31 March 2017. The company reported zero revenue from operations for the second year in a row, with total expenses of Rs. 5.98 lakh (mainly filing fees, BSE charges, and audit fees), resulting in a net loss of Rs. 5.98 lakh versus Rs. 0.11 lakh last year. Cumulative accumulated losses stood at Rs. 17.41 crore, leaving reserves and surplus deeply negative. Long-term borrowings remained high at Rs. 14.38 crore, including a defaulted loan of Rs. 6.33 crore from Kuber Finance, with accrued interest of Rs. 11.96 crore on these loans. The auditor (CA V. Ramachandra Rao) issued an unqualified opinion and confirmed adequate internal financial controls. No investor grievances were pending for over a month.
This is a non-operational, loss-making shell company with negative net worth (~Rs. 12.3 crore) and significant unpaid debt. Retail investors should treat this stock as high-risk — there is no operating revenue, the business appears dormant, and there are signs of loan defaults with no clear path to recovery in the near term.