Audited Financial Results for Quarter & Year Ended on 31st March 2025 along with Independent Auditor''s Report.
Awaiting price reaction for this filing.
The filing submitted to BSE on 8 May 2025 references March 2025 audited results, but the attached financial statements are the un-audited half-yearly results for the period ended September 30, 2024, along with a limited review report from VSSB & Associates. Revenue from operations stood at Rs 2.92 lakhs for H1 FY25, up from Rs 1.40 lakhs in H1 FY24. The company reported a net loss of Rs 10.74 lakhs, slightly narrower than the Rs 14.02 lakhs loss a year earlier. Other equity is deeply negative at Rs (196.82) lakhs versus paid-up capital of Rs 300.09 lakhs, and net cash from operations was negative at Rs (8.88) lakhs, with financing inflows of Rs 21.91 lakhs keeping the business afloat.
With accumulated losses wiping out reserves and persistent cash burn, the company shows clear going-concern stress. Shareholders should view this as a high-risk, thinly-capitalised operation dependent on borrowings rather than its own earnings.