Unaudited Financial Results for the quarter ended 30th June, 2025, together with the Limited review report thereon.
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EMA India Ltd reported zero revenue from operations for Q1 FY26 (June 2025), unchanged from Q4 FY25 and lower than ₹4 lakh in Q1 FY25. The company posted a loss of ₹11.53 lakh for the quarter against a loss of ₹20.40 lakh in the previous quarter. Employee expenses stood at ₹4.59 lakh while depreciation was nil. Reserves (excluding revaluation) were negative at ₹275.24 lakh, and the company's basic EPS was a negative ₹1.04. Management has declared the company no longer a going concern as of 31 December 2023 due to no business activity, continuous losses, and negative net worth. The statutory auditor flagged this as an Emphasis of Matter in the limited review report.
This is a deeply distressed micro-cap company with no operations, negative net worth, and no going concern status — shareholders face significant risk of value erosion. The board is exploring sale of the company's land and building (proposal for ₹8 crore, advance of ₹6.50 crore already received), which may be the only route to recover any value.