Annual Report for year ended 31.03.2025
Awaiting price reaction for this filing.
Birla Transasia Carpets Ltd has reported a net loss of Rs. 20,000 for FY25, slightly improved from a loss of Rs. 31,800 in FY24. The company has not generated any revenue for the past two years and has no property, plant and equipment, no inventory, and no operations. BSE suspended trading in the company's shares with effect from 10 July 2017 due to non-compliance with SEBI regulations. The statutory auditor has raised doubts on the company's ability to continue as a going concern, citing overdue liabilities to financial institutions and the need for debt rescheduling. The company carries unsecured loans of about Rs. 24.07 crore, has accumulated losses, and is not paying any dividend. Multiple compliance failures were noted, including absence of independent directors, no woman director, no CFO/Company Secretary, and pending statutory dues related to excise, sales tax, income tax, PF, ESIC, and SEBI listing fees.
This is effectively a non-operating, suspended shell company with significant debt, no revenue, going concern doubts, and major governance and compliance gaps. There is near-zero value or recovery prospect for retail shareholders, and the stock remains untradable on BSE.