Outcome of Board Meeting held on 24th May 2025
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Chambal Breweries' Board approved audited financial results for FY25 on 24th May 2025. The company reported total income of just ₹8.95 lakhs (down from ₹11.04 lakhs in FY24), entirely from interest income with zero revenue from operations, indicating the business is not actively trading. It posted a loss before tax of ₹8.32 lakhs, narrower than FY24's ₹246.75 lakhs loss which included ₹226.43 lakhs of exceptional items. The auditor flagged an Emphasis of Matter stating that while management claims the company is a going concern as it plans to restart business, the auditor sees 'no certainty' on the going concern assumption. Negative reserves worsened to ₹636.85 lakhs, and operating cash flow remained negative at ₹17.14 lakhs. Cash and equivalents stood at ₹7.43 lakhs with virtually no liabilities on the books.
Despite the company claiming an unqualified audit opinion, the auditor's Emphasis of Matter raises serious going concern doubts — the business has effectively been dormant with no operating revenue. Shareholders face heightened risk as the company acknowledges it is still in the process of identifying plans to restart operations, making this a high-risk, thinly-traded situation rather than a going operating brewery.