Financial Results for the fourth quarter and year ended on March 31, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Gaekwar Mills Limited approved the audited standalone financial results for Q4 and FY25 on June 7, 2025, with an unmodified auditor's opinion from M D Pandya & Associates. The company reported zero revenue from operations and only other income of Rs 41.31 lakhs for FY25, down from Rs 56.94 lakhs in FY24. Loss after tax widened sharply to Rs 442.44 lakhs in FY25 from Rs 187.75 lakhs in FY24, driven mainly by debenture redemption premium write-offs of Rs 469.88 lakhs. The company's balance sheet is severely stressed, with negative other equity of Rs 7,659.85 lakhs against long-term borrowings of Rs 7,890.24 lakhs, and total assets of just Rs 522.42 lakhs (essentially land). Debenture redemption dates for Series A (Rs 30 crore) and Series B (Rs 5 crore) instruments have been extended to March 31, 2025 with additional premiums of Rs 19.2 crore and Rs 2 crore respectively.
The company has no operating business, deeply negative equity, and recurring losses funded by debt extensions, raising serious viability concerns for shareholders despite the auditor's clean opinion. The stock is likely to remain thinly traded and high-risk, with no near-term path to operational recovery visible from this filing.