CMI Limited posts FY25 loss under CIRP, auditor flags going concern

CMI Limited, under insolvency resolution since July 2023, filed audited FY25 results with a net loss of Rs 1,103.16 lakhs versus Rs 832.56 lakhs last year. Revenue rose to Rs 5,746.22 lakhs from Rs 2,908.04 lakhs. Accumulated losses of Rs 16,247.28 lakhs have fully eroded net worth, now negative at Rs 14,644.21 lakhs. Auditor issued a qualified opinion citing material going concern uncertainty. A liquidation application is pending before NCLT with no resolution plan approved.