Financial Result for Quarter and Nine months ended 31st December, 2025
Awaiting price reaction for this filing.
Fraser and Company Limited reported net sales of Rs. 9.99 million for Q3 FY26 (vs nil in Q3 FY25) and Rs. 9.98 million for the nine-month period (vs Rs. 2.19 million in 9M FY25). Despite revenue picking up, the company posted a net loss of Rs. 1.51 million for the quarter and Rs. 9.42 million for nine months FY26. The statutory auditor issued a qualified conclusion flagging material uncertainty about the company's ability to continue as a going concern, citing accumulated losses and a negative net current asset position. Major concerns include Rs. 90.52 million in old trade receivables (of which Rs. 82.62 million was settled through NCLT with Rs. 40 million already received), Rs. 47.08 million in unconfirmed trade payables, and Rs. 26.90 million in court recovery suits from five creditors. The board also approved a salary hike for Director Vijay Ramesh Solanki to Rs. 70,000 per month.
The going-concern qualification and unresolved trade receivables/payables signal serious financial distress and high risk for shareholders. The stock remains suspended on the Calcutta Stock Exchange, and any recovery is contingent on management's plan to change the company's main object clause and revive operations.