BM HELD ON 29.5.2025 TO APPROVE AUDITED RESULTS FOR THE YEAR ENDED 31.3.2025
Awaiting price reaction for this filing.
The Board approved audited results for FY25. The company reported zero revenue from operations and only ₹1.50 lakhs in total income for the full year, down to nil in Q4 FY25. Total expenses stood at ₹28.79 lakhs, leading to a net loss of ₹27.29 lakhs for FY25 (slightly wider than ₹27.13 lakhs loss in FY24). The company's plant is not in operation and business operations have ceased, with no certainty of restarting. Net worth is deeply negative at ₹(1,284.83) lakhs against borrowings of over ₹1,288 lakhs, and operating cash flow was negative at ₹(32.86) lakhs. The auditor issued an unmodified opinion but flagged a material uncertainty about the company's ability to continue as a going concern.
This is a deeply distressed company with no active business, fully eroded net worth, and an explicit going-concern warning from the auditor. Shareholders face significant risk of value erosion; the stock is essentially a shell with continuing losses funded by borrowings.