1. Approved and taken on record the audited stand-alone and consolidated financial results for the financial year ended 31st March 2025. Results Enclosed. 2. The Standalone and Consolidated ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Directors approved audited financial results for the year ended 31 March 2025. On a standalone basis, total income was a negligible Rs 1.14 lakhs against a net loss of Rs 1,993.34 lakhs (loss per share Rs 1.37). On a consolidated basis, total income declined to Rs 910.48 lakhs from Rs 1,033.78 lakhs, with a net loss of Rs 1,452.64 lakhs. The company carries a deeply negative net worth of Rs 82,654 lakhs (standalone) and Rs 91,157 lakhs (consolidated), with short-term borrowings of Rs 43,962 lakhs. No dividend was declared. The auditors issued a qualified opinion citing going concern uncertainty, investments valued at cost instead of fair value, missing Expected Credit Loss provisions, overdue loans (UPS Capital since 2014, Bank of India classified as NPA since 2009), unredeemed Foreign Currency Convertible Bonds of Rs 29,085 lakhs due since April 2011, and a CBI chargesheet pending against the company and its directors.
This is a deeply negative filing for shareholders. The company has a negative net worth, a qualified audit opinion highlighting going concern doubts, has been declared a wilful defaulter by Bank of India, and faces multiple legal and debt-resolution overhangs. The stock is likely to remain under heavy selling pressure with significant solvency risk.