Financial Result for Quarter June 2025
Awaiting price reaction for this filing.
Fraser and Company Limited reported near-zero revenue of Rs. 0.01 million for Q1 FY26, with a net loss of Rs. 0.91 million (slightly improved from Rs. 6.09 million loss in Q4 FY25). The auditor issued a qualified limited review report flagging serious concerns: accumulated losses, no sales turnover, no orders in hand, inability to meet financial obligations, and material uncertainty about the company's ability to continue as a going concern. Trade receivables of Rs. 96.09 million remain unconfirmed for over 12 months, with NCLT proceedings pending for Rs. 72.99 million. The board also approved the resignation of Independent Director Mr. Durgaprasad Dattaram Prabhu and reconstituted multiple board committees.
This is a deeply distressed small-cap with negligible operations, persistent losses, and significant going-concern risk per the auditor. Shareholders face a high-risk situation as the new management seeks shareholder approval to change the company's main object clause and revive the business, but no concrete revenue pipeline exists.