Outcome of Board Meeting dated 29th May,2026
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Dhatre Udyog Ltd reported a net loss of Rs 182.09 lakhs for FY 2025-26, a sharp decline from a net profit of Rs 169.77 lakhs in the previous year. Revenue from operations stood at Rs 1,775.18 lakhs. The company's manufacturing operations have been completely shut down due to ageing plant, outdated machinery, and technology obsolescence. The plant and machinery were disposed of as scrap, and factory land was sold separately. The auditor issued a qualified opinion citing that trade receivables, advances, and trade payables balances are subject to confirmations and adjustments that could not be ascertained. The auditor also highlighted a material uncertainty regarding the company's ability to continue as a going concern. The company is exploring real estate development at its Jamshedpur land as a potential new business direction. Mrs. Ankita Dutta resigned as Company Secretary and Compliance Officer effective 30th May 2026.
The company has shifted from profit to loss, manufacturing operations are discontinued, and auditors have raised going concern doubts. Shareholders should be cautious as the company's core business operations have ceased and future viability depends on successful diversification into real estate.