Clarification on other expenses shown in the Unaudited Financial Results (Standalone) for the Quarter ended on 30.06.2025.
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The company, now renamed Indus Aluminium Recyclers Limited, has clarified the reason behind the loss reported in its Q1 FY26 (quarter ended 30 June 2025) standalone unaudited results. Management confirmed the entire loss is attributable to a one-time write-off of old sundry receivables worth ₹303.80 lakhs (about ₹3.04 crore). The write-off was carried out to present an accurate financial position and is not expected to affect ongoing business operations. The company has asked investors to disregard concerns about the operational health based on the headline loss.
Shareholders should note that the Q1 loss is a one-time, non-operational accounting adjustment rather than a reflection of business deterioration. However, the write-off indicates recovery issues from old debtors, which is worth monitoring even if current operations are unaffected.