Annual Report For the F.Y 2024-25
Awaiting price reaction for this filing.
Advance Syntex Limited has filed its 35th Annual Report for FY 2024-25 along with the notice for the AGM to be held on 30 September 2025 via video conferencing. The Board explicitly states that the company 'is not carrying any business' during the year, with Revenue from Operations coming in at NIL compared to approximately Rs. 74.6 lakhs in FY 2023-24. The company recorded a massive loss of approximately Rs. 18.42 crore for the year, significantly worse than the previous year's loss of Rs. 6.23 crore, driven primarily by exceptional items of about Rs. 18.05 crore. The paid-up equity share capital stands at Rs. 11.10 crore, no dividend has been proposed, and the company has no subsidiaries, public deposits, or loans given.
This is a serious red flag for shareholders — the company is operationally inactive with zero revenue, deepening losses, and huge exceptional charges. Despite this, the Board has prepared accounts on a going-concern basis, which investors should question given the absence of any business activity and continued erosion of shareholder value.