For Sept 2025
Awaiting price reaction for this filing.
Foundry Fuel Products Ltd reported zero revenue from operations for the quarter and half year ended 30 September 2025, as the company continues to have no business activities and is searching for a new business project. The company incurred a loss of Rs. 5.14 lakhs for the quarter (vs Rs. 4.37 lakhs in Q2 FY25) and Rs. 9.18 lakhs for the half year, driven entirely by administrative and employee expenses. Net worth remains deeply negative at (Rs. 935.39 lakhs) against equity capital of Rs. 801.94 lakhs, and current liabilities (Rs. 143.56 lakhs) far exceed current assets (Rs. 5.48 lakhs). Operating cash flow for the half year was negative at (Rs. 10.48 lakhs), funded by Rs. 10.30 lakhs in fresh short-term borrowings. The auditor flagged a Material Uncertainty Related to Going Concern as well as an Emphasis of Matter, noting that the holding company has committed to infuse funds as and when needed.
This is a non-operating, loss-making shell company with negative net worth and recurring reliance on its holding company for survival — a high-risk situation for shareholders with no visible path to revenue or profitability, and the going concern flag from auditors underscores serious viability concerns.