Pursuant to Regulation 34(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith Annual Report ....
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Awaiting price reaction for this filing.
EMA India Ltd has filed its 54th Annual Report for FY 2024-25 with BSE, along with the notice for its AGM scheduled for September 30, 2025, to be held via video conferencing. The key business items include adoption of audited financial statements, re-appointment of Ms. Rakshita Bhargava as a director (retiring by rotation), and appointment of Mr. Awashesh Dixit as Secretarial Auditor for a five-year term from FY 2025-26 to FY 2029-30. The financials reveal the company has shut down manufacturing operations, with zero revenue from operations for two consecutive years, other income of just Rs. 0.06 lakhs, and a widened loss before tax of Rs. 61.77 lakhs (vs Rs. 51.54 lakhs in FY 2023-24). The accounts have been prepared on a non-going concern basis, no dividend is recommended, and the company has been borrowing from a director to cover day-to-day expenses, with only 3 permanent employees on rolls.
This is a deeply negative filing for shareholders. With operations shut, zero revenue, mounting losses, a non-going concern declaration, and dependence on director loans, the stock carries significant going-concern risk. Shareholders should view this as a red flag, as the company is effectively dormant and reliant on promoter support to survive.