In pursuance to Regulation 30 and Regulation 34 of the Securities & Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended from time to time, ....
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Cranes Software International has filed its Annual Report for FY 2024-25 with BSE, ahead of its 40th AGM scheduled for 29th September 2025 via audio-visual means. On a consolidated basis, total income declined about 11% to Rs. 910.48 lakhs (from Rs. 1,033.78 lakhs), while consolidated loss after tax narrowed to Rs. 14.36 crores from Rs. 18.20 crores in FY24, though this includes exceptional items of Rs. 11.40 crores. Standalone operations were negligible with revenue of just Rs. 1.14 lakhs and a loss of Rs. 19.93 crores (worse than Rs. 18.67 crores last year). No dividend was declared, and the share capital structure remained unchanged. The company disclosed serious legal headwinds: a CBI chargesheet against the company and directors, a winding-up petition by Bank of India currently in admission stage, and a Supreme Court stay on a Bank of India cheque bounce case. BSE levied multiple fines during FY25 for delays in filing financial results, shareholding pattern, and corporate governance non-compliance.
The company remains in deep financial distress with continued losses, negligible standalone revenue, pending CBI prosecution, and an active winding-up petition that threatens its going concern status. Shareholders face significant uncertainty; the marginal reduction in losses is overshadowed by legal and solvency risks, making this a high-risk, distressed stock with potential for further downside.