Dear Sir/Madam, Kindly find enclosed herewith Outcome and unaudited results for Quarter ended June 30, 2025 along with limited review report.
Awaiting price reaction for this filing.
Goenka Diamond & Jewels reported extremely weak Q1 FY26 results with consolidated revenue from operations collapsing to just Rs 8.68 lakhs from Rs 46.60 lakhs in the same quarter last year, an over 80% decline. The company posted a consolidated loss before tax of Rs 22.21 lakhs and a total comprehensive loss of Rs 58.67 lakhs. Standalone results were even weaker, with a loss before tax of Rs 46.75 lakhs. The company remains under Corporate Insolvency Resolution Process (CIRP) since 2019, with the Board suspended and an Interim Resolution Professional (Mr. Sourabh Malpani) in charge. Secured creditors have filed claims of Rs 49,408 lakhs versus the company's book balance of Rs 17,730 lakhs. The auditor issued a review report flagging a 'Material Uncertainty Related to Going Concern' due to NPAs, recalled loans, SARFESI proceedings, and notices from the Enforcement Directorate and RBI.
This is a deeply distressed company in active insolvency proceedings with a going-concern qualification from auditors. Existing shareholders face extreme risk of equity dilution or total loss depending on the CIRP resolution outcome. The stock is highly speculative and trading reflects ongoing insolvency uncertainty.