ANNUAL REPORT OF MASTER CHEMICALS LIMITED FOR THE FINANCIAL YEAR 2024-25
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Master Chemicals Limited submitted its 45th Annual Report for FY 2024-25. The company reported total income of NIL for both FY24-25 and FY23-24, indicating no active business operations. Total expenditure stood at Rs. 1,707.53 thousand, down from Rs. 2,175.13 thousand last year. Net loss after tax widened to Rs. 2,221.26 thousand from Rs. 2,131.61 thousand in the previous year. No dividend was recommended due to lack of profits. The 45th AGM is scheduled for September 29, 2025. The board appointed M/s MMA & Partners as the new Secretarial Auditor for a 5-year term from FY 2025-26 to FY 2029-30, subject to shareholder approval. The statutory auditor (M/s Gupta Rustagi & Co.) issued an unqualified report. The accounts have been prepared on a going concern basis.
The company continues to post losses with no operating revenue, which is a concern for shareholders. However, losses have not significantly worsened and the statutory auditor's report is clean, suggesting the company is being maintained as a going concern likely for future revival or strategic purposes.