Delayed CMI June 2024 results show wider loss and doubts about continuity

CMI approved unaudited June-quarter 2024 results on 29 October 2025. Revenue rose 286 percent year on year to Rs 1,561.22 lakh, but net loss widened to Rs 351.66 lakh from Rs 286.44 lakh a year earlier. Review raised doubts about continued operations as accumulated losses of Rs 15,489.85 lakh exceeded Rs 1,602.74 lakh paid-up capital. Auditor gave no opinion due to insufficient evidence. CMI remains in insolvency resolution.