Pursuant to Regulation 30 and 33 of the SEBI (LODR) Regulation, 2015 please find enclosed herewith outcome of the Board Meeting held today
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EMA India Ltd's board approved audited financial results for Q4 and FY ended March 31, 2025. The company reported near-zero revenue from operations (Rs 0.04 lakh vs Rs 0.06 lakh last year) and a widened net loss of Rs 61.77 lakhs versus Rs 51.54 lakhs in FY24. Total equity turned deeply negative at Rs -174.70 lakhs (vs Rs -112.96 lakh), with borrowings of Rs 120 lakhs sitting against wiped-out net worth. Management explicitly stated, in Note 4, that the company has 'ceased to be a going concern' due to continuous losses, negative net worth, no business in hand, and failed talks to explore new business. The auditor (B.C. Jain & Co.) issued an unmodified opinion but added an Emphasis of Matter on the going concern issue and noted the results were previously audited by another firm, indicating an auditor change. Additionally, Company Secretary Ms. Namita Sabharwal resigned effective May 31, 2025 due to personal reasons.
This is a serious red flag for shareholders — management has publicly admitted the company is no longer a going concern, equity is fully eroded, and there is essentially no operating business. The stock is highly risky and may face regulatory or trading surveillance action. Shareholders should treat this as a distressed situation with very poor near-term prospects.