bm held on 14.8.2025 to approve unaudited results for the quarter ended 30.6.2025
Awaiting price reaction for this filing.
Andhra Pradesh Tanneries reported zero revenue from operations for Q1 FY26, with only Rs. 4.52 lakh of other income. The company posted a net loss of Rs. 1.35 lakh, an improvement compared to the Rs. 2.58 lakh loss in the same quarter last year and the Rs. 12.64 lakh loss in Q4 FY25. Total expenses were Rs. 5.87 lakh, primarily employee costs (Rs. 0.60 lakh) and other expenses (Rs. 5.27 lakh). The filing explicitly states that the company's plant is currently not in operation, meaning the core leather/tannery business is completely shut. Reserves remain deeply negative at Rs. (1,501.02) lakh against a paid-up capital of Rs. 220.84 lakh. The statutory auditors issued an unmodified limited review report with no qualifications.
This is a distressed, non-operating company with no core business revenue and accumulated losses exceeding reserves — a serious going concern risk for shareholders. The stock is essentially a shell with no operating activity, and investors should be cautious about further capital erosion.