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Facor Alloys Limited has submitted its 22nd Annual Report for FY 2024-25 to BSE, with the AGM scheduled for September 29, 2025 via video conferencing. The company's manufacturing operations remained fully suspended throughout the year following the October 2023 plant shutdown, resulting in no production activity. Gross revenue from operations collapsed to just ₹16.97 lakh versus ₹15,379.49 lakh in the previous year. The company reported a loss after tax of ₹5,021.47 lakh (standalone), worsened by an exceptional item of ₹5,503.81 lakh. Management is evaluating revival options including strategic collaborations, financial restructuring, and alternative business models. Notable board changes occurred during the year, including a new Chairman, CFO, and Company Secretary.
Shareholders should note the continued operational suspension and deepening losses suggest serious financial distress, with revival prospects uncertain. The company's situation poses significant risk to shareholders, though the new management's restructuring efforts could be a potential catalyst if successful.