Please find attached revised Audited Financial Results for the Year ended March 31, 2025 together with relevant disclosures
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Awaiting price reaction for this filing.
Benara Bearings & Pistons has submitted revised FY25 audited results, but its statutory auditor (Agrawal Jain & Gupta) has issued a Disclaimer of Opinion on both standalone and consolidated statements, meaning no audit assurance could be provided on the numbers. The company reported total income of ₹1,106.88 lakhs (down sharply from ₹1,554.91 lakhs in FY24, ~29% decline) and a standalone net loss of ₹2,748.22 lakhs against ₹312.73 lakhs in FY24. Standalone net worth has turned negative at ₹(836.81) lakhs, short-term borrowings of ₹5,167.61 lakhs are classified as NPAs, and the company is negotiating One-Time Settlements (OTS) with banks. The auditor flagged cash losses of ₹1,665.68 lakhs, raising material uncertainty about the company's ability to continue as a going concern. Additional red flags include unverified inventory of ₹1,849.75 lakhs, unrecoverable non-current assets of ₹979 lakhs, long-term loans and advances of ₹1,171 lakhs with doubtful recovery, and huge contingent liabilities of ₹5,150.47 lakhs in income tax demands and ₹911.07 lakhs in GST demands.
Extremely negative for shareholders — a Disclaimer of Opinion signals deep financial distress, with negative net worth, NPAs, ongoing OTS negotiations, going-concern doubt, and large contingent liabilities from tax disputes. The stock is likely to face heavy selling pressure and could risk exchange-level action given the severity of the audit qualifications and annual losses.