Annual Report for financial year 2024-25
Awaiting price reaction for this filing.
The company has generated zero revenue for the second consecutive year, reporting a net loss of Rs. 20,000 compared to Rs. 31,800 in the previous year. Trading on BSE has been suspended since July 2017 due to non-compliance with SEBI regulations. The secretarial audit reveals severe governance failures: no independent directors, no women director, no CFO or Company Secretary appointed, no audit or nomination committees, and failure to conduct AGM or file statutory returns for FY 2023-24. The company has outstanding statutory dues including Central Excise, Sales Tax, Income Tax, PF, and ESIC dating back to 2003-2012. Promoters hold 58.79% stake while public shareholders hold 40.60%. The statutory auditor has raised significant doubt about the company's ability to continue as a going concern.
This is a high-risk, essentially dormant company with suspended stock and no operating revenue. Shareholders face potential total loss of investment due to accumulated losses, extensive regulatory non-compliance, and outstanding statutory liabilities. The company is at high risk of delisting.