Audited financial results for the quarter and financial year ended 31.03.2025
Awaiting price reaction for this filing.
The board approved the audited financial results for FY25, with auditors issuing an unmodified opinion. However, the auditor flagged an emphasis of matter noting that the company's accumulated losses have fully eroded its net worth, which stood at a negative Rs 3.48 crore, raising a material uncertainty about its ability to continue as a going concern. Total assets stood at Rs 7.09 crore against total liabilities of Rs 10.57 crore. The company reported a loss before tax of Rs 3.17 lakh (vs Rs 14.09 lakh loss in FY24), while cash flow from operations was negative at Rs 23.51 lakh. The board also appointed M/s. Taher Sapatwala & Associates as Secretarial Auditor on a voluntary basis, though the company is exempt from this requirement given its small size.
This is a significant red flag for shareholders — the company is technically insolvent with negative net worth, and auditors have explicitly highlighted going concern uncertainty. Despite an unmodified opinion, the business appears dormant (tiny operations, earning most income from interest rather than core activity), suggesting high risk for equity holders.