Dear Sir/Madam, Pursuant to Regulation 34 and regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we submit herewith the Annual Report of the ....
Awaiting price reaction for this filing.
Vardhman Concrete Ltd has submitted its 42nd Annual Report for FY 2024-25 along with the notice for its 42nd Annual General Meeting, scheduled for Monday, 1st December 2025 at 11:00 AM at the registered office in Raigad, Maharashtra. The company reported a total income of Rs 4.26 lakhs and a net loss of Rs 46.76 lakhs for FY25, an improvement from the Rs 129.33 lakh loss in FY24, but expenses of Rs 48.29 lakhs still exceeded income. No dividend was recommended. The statutory auditor raised a going concern doubt citing continuous losses and substantially eroded net worth, and flagged overdue trade receivables of about Rs 36.20 crores and doubtful advances of Rs 19.36 crores, for which no provision has been made. The secretarial auditor noted several compliance lapses, including non-appointment of an internal auditor, missing consolidated financials for joint venture 'Divinity', inadequate Independent Directors, non-maintenance of the company website as per SEBI norms, and delayed filings.
Continued losses with expenses far exceeding income and a significantly eroded net worth raise serious going concern doubts for shareholders, although management cites large orders in hand as a basis to continue operations. Multiple compliance lapses highlighted in the secretarial audit point to weak governance, which may weigh negatively on investor confidence in this small-cap, thinly traded stock.