Considered, approved and taken on record the Audited Financial Results of the Company for the quarter and year ended on March 31, 2025 along with Auditor''s Reports (modified Opinion) ....
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Bloom Dekor Limited's board approved audited standalone results for FY25 on May 29, 2025, with the company still under Corporate Insolvency Resolution Process (CIRP) since October 2023. Revenue from operations fell to ₹451.87 lakh from ₹572.70 lakh in FY24, a decline of about 21%. Net loss widened to ₹103.45 lakh from ₹85.23 lakh in FY24. The auditor issued a qualified opinion flagging FEMA non-compliance on overdue foreign payables of ₹135.21 lakh (pending over three years) and non-provision of ₹4.05 lakh interest on inter-corporate deposit from an NBFC. The auditor also highlighted material uncertainty about the company's ability to continue as a going concern given negative net worth of ₹(657.56) lakh and accumulated losses of ₹1,342.56 lakh. Prior period errors in FY23-24 related to unrecorded bank accounts opened by the Resolution Professional were restated. Operating cash flow turned negative at ₹(24.28) lakh versus ₹128.33 lakh in FY24. The CIRP resolution plan matter remains pending at NCLAT.
This is a deeply distressed stock — the company is insolvent, under CIRP, with negative net worth, widening losses, declining revenue, and qualified audit opinion with going-concern doubt. Shareholders face high risk; any value recovery depends on the outcome of the pending resolution plan at NCLAT.