Audited Financial results for the quarter and year ended March 31, 2025.
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Awaiting price reaction for this filing.
CMX Holdings (formerly SIEL Financial Services) announced its audited FY25 results, which carried a Qualified Opinion from auditor S.K. Mehta & Co. Total income for FY25 was just Rs. 20.31 lakh, down sharply from Rs. 38.10 lakh in FY24 (about a 47% decline). The company posted a net loss of Rs. 25.22 lakh in FY25, wider than the Rs. 17.65 lakh loss in FY24, with EPS at Rs. (0.22). Accumulated losses have ballooned to Rs. 17 crore, completely eroding the net worth which stands at negative Rs. 5.68 crore. The auditor flagged serious concerns: the RBI rejected the company's NBFC license, so it can only earn service income; Rs. 3.66 crore in long-term unsecured borrowings could not be confirmed or reconciled; and the company has been burning cash from operations (negative Rs. 26.65 lakh).
This is a deeply negative filing — the auditor explicitly flagged a material uncertainty on the company's ability to continue as a going concern, with net worth fully wiped out and operations near-dormant. Shareholders should expect continued pressure on the stock and very limited business prospects unless fresh funding or a turnaround materialises.