As per the attachment.
Awaiting price reaction for this filing.
Rolta India reported essentially no revenue from operations for the quarter, with only Rs 2.72 cr of other income versus Rs 3.50 cr a year ago, and a standalone loss before tax of Rs 8.82 cr (consolidated loss Rs 8.68 cr). The company remains under CIRP since January 2023; the resolution plan was approved by the Committee of Creditors in August 2024 but is still awaiting NCLT approval due to a pending Supreme Court matter. The auditor (Shah & Mantri) issued an Adverse Conclusion on both sets of results, flagging unrecovered impairment on PPE/ROU assets, unrecognised corporate guarantees to US bondholders worth Rs 6,268.80 cr, stale financials of US subsidiaries (under a New York court receiver since 2021), and non-recognition of interest during the IBC moratorium. Net worth is deeply negative at Rs (10,684.93) cr on a consolidated basis against borrowings of Rs 10,989 cr, with current liabilities massively exceeding current assets.
Shareholder equity is completely wiped out and the auditor has flagged a material going-concern uncertainty. The stock's outcome is entirely tied to the pending resolution plan approval — any approval could lead to extreme equity dilution or restructuring, while continued delays leave the company in prolonged insolvency limbo.