Awaiting price reaction for this filing.
MSR India Ltd has reported zero turnover for FY 2024-25 compared to Rs. 0.38 lakhs in the previous year, with a net loss of Rs. 53.39 lakhs versus a profit of Rs. 93.48 lakhs in FY 2023-24. The company has disposed of its assets to repay outstanding borrowings to banks and financial institutions. Two directors, Mr. Gundala Raju and Mr. Arjun Kumar Saladi, ceased/resigned during the year. The 42nd AGM is scheduled for June 16, 2026 via video conferencing. Key agenda items include re-appointment of two Whole-time Directors (Mr. Challa and Mr. Maganti) for five years without remuneration, and re-appointment of statutory auditors M/s M.M. Reddy & Co.
The company is experiencing severe financial stress with zero revenue and asset sales to repay debt, raising serious concerns about its going concern status. Shareholders should carefully evaluate the management's plans to revive operations at the upcoming AGM.