Annual Report for period ended 31.03.2022
Awaiting price reaction for this filing.
Birla Transasia Carpets Limited filed its Annual Report for FY ended 31 March 2022, along with the notice for its 47th AGM to be held on 16 December 2025 (a delay of over three years). The company's revenue collapsed to just Rs. 1.01 lakh in FY22 from Rs. 16.81 lakh in FY21, with a net loss of Rs. 1.07 lakh for the year. The company carries a massive debt of about Rs. 24.07 crore against negligible operations. Trading in the stock on BSE has been suspended since 19 July 2017 due to non-compliance with SEBI depository regulations. The Secretarial Audit Report flags numerous serious non-compliances: no AGM was held for FY21, the board lacks a Woman Director, Independent Directors, CFO and Company Secretary, Audit and Nomination & Remuneration Committees were not constituted, annual returns and financial statements for FY21 were not filed with the RoC, no internal audit system exists, listing fees are unpaid, and promoters have not disclosed holdings under SEBI LODR.
This is a near-defunct, non-operational shell company with severe regulatory non-compliance, suspended trading, and essentially zero business activity. Shareholders should view this as a high-risk situation with no dividend, no meaningful revenue, and no near-term prospect of revival; the stock remains untradeable on BSE.