Attached herewith Annual Report for FY 24-25
Awaiting price reaction for this filing.
Asian Flora Limited reported zero operating income for FY 2024-25, with total expenses of Rs. 8.99 lakhs resulting in a net loss of Rs. 8.99 lakhs (improved from Rs. 12.10 lakh loss in FY 2023-24). The company had no business activity during the year and is working on a settlement with KSIIDC (Karnataka State Industrial and Infrastructure Development Corporation), where its assets remain attached, to restart operations. BSE suspended trading of the company's shares due to multiple compliance failures, including delayed quarterly results, late annual report submissions, and pending listing fees. The previous statutory auditor resigned in November 2024, and M/s. Sathuluri & Co was appointed as the new statutory auditor.
This is a deeply concerning report — zero revenue, ongoing losses, suspended trading, and attached assets paint a serious picture of financial distress. Shareholders face significant uncertainty about the company's ability to continue as a going concern and resume operations. The stock remains untradeable on BSE until the suspension is revoked.