Auditor gives no opinion on March 2020 results amid revenue collapse

The delayed March 2020 results show revenue of Rs 3.73 lakh, down from Rs 12,515 lakh, a net loss of Rs 882.50 lakh and loss per share of Rs 3.50. Operations had been suspended since the third quarter of FY19. The auditor could not verify balances and expenses, reported exceptional write-downs, and raised doubt about whether the company could keep operating. Net worth was negative Rs 28,557.62 lakh. The company was later liquidated and sold.