Futura Polyesters Q2 FY22 results filed very late; auditor flags going concern

Futura Polyesters filed very delayed Q2/H1 FY22 results, part of a large backlog of pending filings. Revenue from operations was nil. Loss from discontinued operations was Rs 140.35 lakhs for the quarter and Rs 279.25 lakhs for the half year. Equity is deeply negative at minus Rs 40,799 lakhs against borrowings of about Rs 26,391 lakhs. Auditor V.S. Somani issued a qualified conclusion citing unprovided finance costs above 14.25 percent, NPAs with lenders, eroded net worth, and material uncertainty on going concern. A note states the company paid a one-time settlement of Rs 243.45 crores to lenders in June 2025. Shares remain under trading suspension.