As per the attachment.
Awaiting price reaction for this filing.
Rolta India, which is under Corporate Insolvency Resolution Process (CIRP) since January 2023, reported consolidated revenue of Rs. 3.64 crore for Q3 FY25 and Rs. 10.54 crore for 9M FY25 (up from Rs. 9.67 crore in 9M FY24). The company posted a consolidated loss before tax of Rs. 7.14 crore for the quarter and Rs. 20.47 crore for nine months, with total comprehensive loss of Rs. 157.08 crore for 9M driven largely by forex translation losses. Other equity stands at a deeply negative Rs. (10,321.14) crore, reflecting near-total erosion of net worth. The auditor (Shah & Mantri) issued an Adverse Conclusion, citing failures to impair PPE, unrecognised corporate guarantee obligations of Rs. 6,268.80 crore owed to US bondholders, non-compliance with Ind AS on borrowing costs, and unresolved prior-period errors.
Stockholders face extreme uncertainty: the resolution plan approved by lenders in August 2024 remains stuck at NCLT due to a pending Supreme Court matter, with the next hearing on August 13, 2025. Two lenders (Canara Bank, Bank of India) have classified the account as 'fraud' and are pursuing wilful defaulter status for directors. With massive eroded net worth, unrecognised bondholder liabilities, and adverse auditor opinion, the equity is effectively at risk of being wiped out depending on the final resolution plan terms.