FY19 revenue falls 64%, net loss ₹491 crore and audit opinion withheld

FY19 operating revenue fell 64% to ₹12,515 lakh from ₹34,357 lakh, while net loss was ₹49,118 lakh after a ₹38,459 lakh one-off write-down. The auditor withheld its opinion due to missing records, suspected fraud and unverifiable balances, and raised doubts about continued operations. Equity was negative ₹27,157 lakh. Operations stopped in Q3 FY19; liquidation began in 2020 and the company was sold in March 2025.