Financial Results for the quarter and year ended March 31, 2025. Further please note the below mentioned details of borrowing as system was not allowing us to take decimal: 1. Outstanding ....
Awaiting price reaction for this filing.
Garodia Chemicals Ltd reported zero revenue from operations for FY25, same as FY24, as the company has ceased its business. Total expenses rose to ₹20.77 lakhs from ₹13.11 lakhs, pushing the net loss to ₹(20.77) lakhs versus ₹(13.11) lakhs last year, with EPS at ₹(0.29). The company's equity is deeply negative at ₹(469.71) lakhs, while borrowings stood at ₹481.87 lakhs. Management has confirmed that accounts are no longer prepared on a going-concern basis. Additionally, three directors were re-designated as Non-Executive Independent Directors.
This is a distressed situation — the company has stopped business, is loss-making, has negative net worth, and is no longer a going concern. Shareholders face a high-risk scenario with potential loss of remaining capital value, though borrowings continue to fund expenses.