Audited Financials'' for the Quarter and Year ended 31st March 2025.
Awaiting price reaction for this filing.
Quintegra Solutions reported zero revenue from operations for FY25, same as FY24, indicating the company is not generating any business income. Total expenses stood at Rs. 4.15 lakhs and the company posted a loss after tax of Rs. 8.10 lakhs for FY25, wider than the Rs. 5.13 lakh loss in FY24, translating to an EPS of minus Rs. 0.03. The balance sheet shows deeply eroded reserves of minus Rs. 3,980.75 lakhs against share capital of Rs. 2,681.38 lakhs, effectively meaning the company has negative net worth. Long-term borrowings of Rs. 1,326.58 lakhs are funded mostly through related-party loans totaling nearly Rs. 12.96 crores from directors, their relatives and associate entities. The auditor issued an unmodified opinion but flagged cash losses of Rs. 8.10 lakhs in FY25 and Rs. 5.13 lakhs in FY24, plus a disputed TDS demand of Rs. 94.09 lakhs from the Income Tax department. A new secretarial auditor, Mr. B. Prabhakar, was appointed for a five-year term from FY26 to FY30.
For shareholders, this is a deeply concerning filing — the company has no revenue, widening losses, negative net worth and is dependent on related-party loans just to stay afloat, suggesting very limited near-term recovery prospects. The disputed tax demand of nearly Rs. 94 lakhs adds to the financial risk, though the clean audit opinion and auditor's confirmation that no going-concern uncertainty exists provide some reassurance.