Enclosed Audited financial results for the fourth quarter and financial year ended 31st March 2025 along with Statutory Auditor''s report thereon
Awaiting price reaction for this filing.
Bheema Cements reported zero revenue from operations for the full year FY25, with only Rs 6.52 lakhs of other income. The company posted a net loss of Rs 3,009.97 lakhs for FY25 (vs Rs 3,373.57 lakhs loss in FY24), with Q4 loss at Rs 639.35 lakhs. The auditor (P. Murali & Co.) issued a Qualified Opinion and flagged material uncertainty over the company's ability to continue as a going concern, citing unpaid dues to Union Bank of India and JM Financial Asset Reconstruction Company despite revised repayment plans. Other red flags include unremitted TDS of Rs 9.58 lakhs, unconfirmed receivables/payables, no physical verification of PPE worth Rs 19,864.35 lakhs, unpaid annual listing fees, and SEBI suspension of trading. Total equity has turned sharply negative in 'other equity' component, and current borrowings of Rs 20,038.88 lakhs dwarf total equity of Rs 1,288.88 lakhs.
This is a deeply distressed filing — shareholders face significant risk of value erosion as liquidation petitions from creditors remain active and the auditor has explicitly questioned going concern status. With no operating revenue, qualified audit opinion, SEBI trading suspension, and unresolved creditor dues, the stock is highly risky and only suitable for speculative investors aware of potential total loss.