Audited Financial Result for The Quarter And Year Ended March 31, 2025
Awaiting price reaction for this filing.
Shri Krishna Prasadam Limited reported zero revenue from operations for FY25, with a net loss of ₹1,275.41 lakhs versus a loss of ₹1.36 lakhs in FY24. The massive jump in losses came from a sharp rise in 'Other Expenses' to ₹1,275.39 lakhs, reflecting write-offs by the new management of old inventories (~₹465 lakhs), non-current assets (~₹849 lakhs), and trade receivables (~₹47 lakhs). Total assets collapsed from ₹1,366.34 lakhs to just ₹1.27 lakhs, and shareholders' funds turned negative at ₹(7.62) lakhs. The company was admitted into Corporate Insolvency Resolution Process (CIRP) by NCLT in March 2022, and the auditor flagged this along with inventory and creditor documentation issues as an Emphasis of Matter.
The stock is effectively non-operational with no revenue, negative equity, and an ongoing insolvency resolution process — shareholders face significant risk of dilution or near-total loss depending on the resolution plan outcome. The dramatic write-offs suggest a balance sheet clean-up ahead of resolution, but no business activity is currently being carried out.