CMI approves delayed Sep 2024 half-year results with Rs 9.85 crore loss

CMI Limited’s board, whose powers are suspended, approved unaudited results for the six months ended 30 September 2024 with the insolvency professional’s sign-off. Six-month operating revenue rose to Rs 45.74 crore from Rs 11.95 crore, but the company posted a Rs 9.85 crore net loss and Rs 0.61 loss per share. The reviewer flagged continuing losses, fully eroded net worth, missing records and possible tax claims, and gave no opinion.