As per the attachment.
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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 Cressanda Railway Solutions approved audited consolidated and standalone financial results for the year ended March 31, 2025 at a meeting held on July 31, 2025. Standalone revenue from operations fell sharply to Rs 2,493.78 lakhs (down from Rs 9,854.93 lakhs) and consolidated revenue dropped to Rs 3,695.87 lakhs (from Rs 20,978.22 lakhs). Standalone profit after tax slumped to Rs 43.17 lakhs (from Rs 944.58 lakhs) and consolidated PAT fell to Rs 54.08 lakhs (from Rs 1,379.55 lakhs). The auditor, H. Rajen & Co. (who replaced Agarwal Jain & Gupta mid-year), issued a qualified opinion flagging missing documentation for loans/advances totalling about Rs 8,023.76 lakhs, unconfirmed trade balances, and deployment of Rs 4,106.10 lakhs of Right Issue proceeds in ways that violated the offer letter. The auditor also flagged an ongoing SEBI investigation, unpaid TDS/TCS of Rs 25.76 lakhs, and a Rs 1,697.08 lakhs WIP reversal due to client non-performance. M/s. Mehul Raval & Associates was appointed as Secretarial Auditor for FY 2025-26 through 2029-30, subject to shareholder approval.
This is materially negative for shareholders — a qualified audit opinion, SEBI investigation, ~75-82% revenue collapse, regulatory non-compliance, and poor cash generation raise serious red flags on governance, earnings quality, and going-concern status. Expect heightened regulatory scrutiny and potential pressure on the stock.