CLC Industries Q3 loss widens; qualified audit opinion; new promoters take 95% control
CLCIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Q3 revenue Rs 31.68 cr vs Rs 6.06 cr YoY; net loss Rs 4.93 cr against profit Rs 4.89 cr last year. 9-month loss narrowed to Rs 8.74 cr from Rs 44.77 cr earlier. Auditor gave qualified opinion over unconfirmed fixed deposits of Rs 11.17 lakhs. Net worth only Rs 1.27 cr on assets of Rs 100.48 cr. New promoters Manjeet Cotton and group now hold 95% stake after NCLT-approved resolution plan; company has applied to exchanges to resume trading in its shares.
Loss continues though narrower YoY. Thin net worth and auditor qualification are red flags. Promoter change complete; trading resumption awaits exchange approval.