Enclosed Standalone Unaudited Financial Results of the Company for the First Quarter of the FY 2025-26 ended on 30th June, 2025, along with Statutory Auditors Limited Review Report thereon.
Awaiting price reaction for this filing.
Bheema Cements reported Q1 FY26 standalone results showing near-zero revenue of just ₹0.96 lakhs, down sharply from ₹5.56 lakhs in Q1 FY25. The company posted a loss of ₹734.72 lakhs for the quarter, slightly narrower than the ₹743.41 lakh loss a year ago, and has accumulated losses of over ₹3,000 lakhs in FY25. Total expenditure stood at ₹734.72 lakhs against negligible income, indicating operations are effectively stalled. The statutory auditor (P. Murali & Co.) issued a Qualified Conclusion on the limited review, flagging that the company defaulted on NCLAT-ordered payments to Union Bank of India and JM Financial Asset Reconstruction Company, faced liquidation petitions, did not remit TDS of ₹21.80 lakhs, and failed to pay annual listing fees — leading to SEBI suspending trading in the stock.
This is a deeply negative filing. The company is operationally near-dormant with revenue collapsing to virtually nothing while continuing to bleed cash. Shareholders face heightened going-concern risk: liquidation petitions from financial creditors have been filed, NCLAT repayment orders are being breached, and SEBI has already suspended trading. The stock is effectively untradeable and the company is at serious risk of being pushed into insolvency.