Annual Report for the Financial year ending 31st march 2025.
Awaiting price reaction for this filing.
McDowell Holdings Limited, currently under Corporate Insolvency Resolution Process (CIRP) since April 2022, has filed its Annual Report for FY ending March 31, 2025 and notice of its 21st AGM scheduled for January 22, 2026 via video conferencing. The company reported total income of Rs. 29.28 lakhs (up from Rs. 27.49 lakhs in FY24) and a net loss of Rs. 139.13 lakhs (wider than Rs. 129.79 lakhs loss in FY24). No dividend was recommended. The Resolution Professional (Konduru Prasanth Raju) noted that the company's investments, including all UBL shares (transferred to SBI by ED order in July 2023), remain attached by the Enforcement Directorate in connection with the Kingfisher Airlines/Vijay Mallya investigation, straining cash flows. Trading in the company's shares has been suspended by SEBI on both BSE and NSE since February 18, 2022. Several compliance lapses were flagged by the Secretarial Auditor, including delayed filings, non-submission of financial results, and delayed AGM.
Shareholders should note the company remains in CIRP with no operational turnaround, continued losses, and trading suspended. With investments frozen by ED and the resolution plan still awaiting NCLT approval, there is no near-term catalyst for recovery, though the company maintains the reported net worth could support a going concern if the resolution plan is approved.