Considered and approved the audited financial results of the Company for the FY 2024-25.
Awaiting price reaction for this filing.
Asian Flora Ltd reported a net loss of Rs. 8.99 lakhs for FY 2024-25, an improvement from the Rs. 12.11 lakhs loss in FY 2023-24. Total income from operations appears negligible, while total expenses stood at Rs. 8.99 lakhs for the year. The balance sheet shows deeply negative other equity of approximately Rs. 18 crores, leading to a negative net worth of around Rs. 14.12 crores, against total borrowings of Rs. 15.29 crores. Operating cash flow was negative at Rs. 9.27 lakhs. Statutory auditors M/s Sathuluri & Co issued an unmodified (clean) audit opinion. The auditor was recently changed — Sathuluri & Co was appointed to fill the casual vacancy caused by the resignation of M/s S.P. Gidugu & Co, with shareholder approval obtained via postal ballot.
The company continues to post losses with effectively no operating revenue and has accumulated a severely negative net worth, signalling serious financial weakness. However, the clean audit opinion and narrowing year-on-year loss are mildly positive. Existing shareholders face significant dilution and solvency risk; this is a high-risk, small-cap situation unlikely to attract retail investor interest.