We hereby submit the Audited Standalone Financial Results for the Quarter and Year ended on March 31, 2025
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Bloom Dekor Limited, which is currently under Corporate Insolvency Resolution Process (CIRP) since October 2023, reported audited standalone results for FY25. Revenue from operations fell sharply to ₹451.87 lakhs from ₹572.70 lakhs in FY24, a decline of about 21%. The company posted a net loss of ₹103.45 lakhs in FY25 versus ₹85.23 lakhs in FY24, with loss per share of ₹1.51. Total expenses reduced to ₹594.58 lakhs, but operating cash flow turned negative at ₹(24.28) lakhs. Accumulated losses stood at ₹1,342.56 lakhs and net worth is negative at ₹(657.56) lakhs. The auditor issued a qualified opinion citing FEMA non-compliance on ₹135.21 lakhs of overdue foreign currency payables and non-provision of ₹4.05 lakhs interest on inter-corporate deposits. FY24 figures were restated to correct prior period errors related to unaccounted bank accounts. The resolution plan remains pending at NCLAT.
This is a deeply distressed company under CIRP with negative net worth, revenue decline, widening losses, and qualified audit opinion. Shareholders face significant risk as the company's ability to continue as a going concern is uncertain and the outcome of the insolvency resolution process will determine any recovery.