Approved Financial Results - Quarter & Year ended March 31, 2025
Awaiting price reaction for this filing.
Inditalia Refcon's board approved its audited financial results for FY25 and Q4 ended March 31, 2025. The company reported zero revenue from operations and zero other income, with no business activity during the year. Total expenses were Rs. 6.78 lakhs versus Rs. 2.44 lakhs last year, leading to a loss after tax of Rs. 6.78 lakhs (vs Rs. 2.44 lakhs loss in FY24), translating to an EPS of Rs. (0.057). The balance sheet shows deeply negative reserves of Rs. (1287.94) lakhs against equity share capital of Rs. 1,190.07 lakhs, with total liabilities (Rs. 99.83 lakhs) far exceeding total assets (Rs. 1.95 lakhs). The auditor issued an unqualified opinion but included a separate 'Material Uncertainty Related to Going Concern' paragraph, noting eroded net worth, no business activity, and liabilities exceeding assets.
Serious red flag for shareholders — the company is effectively non-operational with wiped-out net worth, zero revenue, widening losses, and a formal going-concern uncertainty flagged by auditors. This raises significant doubt about the company's ability to continue as a going concern and is likely to weigh heavily on stock sentiment.