Please find enclosed, Resignation letter tendered by Company Secretary and Compliance officer w.e.f. 31st May, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ms. Namita Sabharwal resigned as Company Secretary and Compliance Officer of EMA India Ltd effective close of business on May 31, 2025, citing personal reasons. The board also approved audited FY25 (year ended March 31, 2025) results showing total income of just Rs 0.04 lakhs and a net loss of Rs 61.77 lakhs, wider than the Rs 51.54 lakhs loss posted in FY24. The company's net worth has deteriorated to negative Rs 174.70 lakhs against paid-up capital of Rs 100.50 lakhs. Management has formally declared that the company is no longer a going concern after continuous losses and failed talks to explore new business with large groups. Auditor B.C. Jain & Co. issued an unmodified opinion but highlighted the going concern issue as an Emphasis of Matter.
The Company Secretary exit leaves a key compliance role vacant at a time when the company has admitted it is no longer a going concern and is reporting near-zero revenue, raising survival and BSE listing-risk concerns for shareholders.