Audited Financial Result for the quarter and year ended March 31, 2024
Awaiting price reaction for this filing.
Shri Krishna Prasadam Limited's board, at a meeting on January 2, 2026, re-adopted multiple quarters of financial results spanning September 2023 to June 2025, including the audited results for the quarter and year ended March 31, 2024. The company reported zero revenue from operations across all periods and explicitly stated that no business activity is being performed. Total income for FY24 was just Rs. 0.29 lakhs (other income only), with a net loss of Rs. 1.36 lakhs for the full year and Rs. 0.60 lakhs for Q4 FY24, compared to a marginal Rs. 0.01 lakh loss in FY23. Operating cash flow was deeply negative at Rs. (25.38) lakhs in FY24. The late approval and re-adoption of multiple years of results is notable and raises governance concerns.
For shareholders, this filing confirms the company remains a non-operational shell with no revenue, recurring losses, and cash being consumed each year, funded mainly by equity infusion and reduced borrowings. The delayed re-adoption of results covering extended periods signals weak compliance and adds governance risk; expect continued negative impact on stock price and investor confidence.