Pursuant to Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors of the Company, in their meeting ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
City Crops Agro Limited's Board approved its unaudited half-yearly results for the period ended 30 September 2025. Revenue from operations collapsed to ₹320.32 lakhs from ₹2,185.92 lakhs in the same period last year, a drop of about 85%. The company swung to a loss of ₹584.97 lakhs at the profit-before-tax level, compared to a profit of ₹123.07 lakhs a year ago. The auditor's review flagged several serious concerns: an unrecorded ₹44 lakh bank charge from 2013, unpaid income tax dues totalling around ₹53.6 lakhs for FY 2022-23 and 2023-24 with no interest provision, and the complete destruction of perishable stock-in-trade with no insurance coverage. Operating cash flow was also negative at ₹50.12 lakhs, and closing cash balance stood at just ₹5.93 lakhs.
This is a deeply negative filing for shareholders — the company has moved from profit to a large loss, revenue has nearly vanished, core cash generation is negative, and multiple unresolved compliance and disclosure gaps are highlighted by the auditor. Expect significant negative sentiment on the stock and heightened risk of further governance scrutiny.