Disclosure under Regulation 30 for modified opinion on unaudited financial results for the quarter and Nine month ended 31st december 2025.
Awaiting price reaction for this filing.
The Board of Fraser and Company Ltd approved unaudited standalone financial results for Q3 and nine months ended December 31, 2025. The company reported net sales of about Rs. 10 million for the quarter but posted a net loss of Rs. 1.50 million in Q3 and Rs. 4.42 million for the nine-month period (EPS at Rs. -0.42). The statutory auditor issued a qualified review report, citing accumulated losses, material uncertainty on going concern, unconfirmed trade receivables of Rs. 7.90 million, trade payables of Rs. 47.08 million (with five creditor suits for Rs. 26.90 million), and undocumented supplier advances of Rs. 28.66 million. The company also settled Rs. 82.62 million of legacy receivables through NCLT, receiving Rs. 40 million in cash plus four residential flats worth about Rs. 40 million. Separately, the director Mr. Vijay Ramesh Solanki received a monthly remuneration hike to Rs. 70,000 from February 1, 2026.
Shareholders should treat this filing as a red flag. The auditor has flagged going concern doubts, pending creditor lawsuits, and multiple unconfirmed balances, which together signal serious financial stress. The new management is relying on a planned change in the company's main business object and fresh business plans to revive operations, making this a high-risk turnaround story rather than a steady investment.