Annual report for FY 2024 - 25
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Galada Power & Telecommunication has filed its 53rd Annual Report covering FY 2024-25. The company has recently emerged from the Corporate Insolvency Resolution Process (CIRP), with the Resolution Plan fully approved by NCLT Hyderabad Bench on 06.06.2024. During the year, the company had no business operations and reported a Sales/Other Income of Rs. 146 lakhs (vs Rs. 138 lakhs in FY24) and a Profit After Tax of Rs. 36 lakhs (vs Rs. 1,391 lakhs in FY24, which included IBC waiver relief). The company is now completely debt-free with no charges on its assets. Share capital was restructured under the IBC resolution plan, with existing shares reduced from 74,89,880 to 4,43,158 and fresh issuance of 84,20,000 equity shares to new promoters. No dividend was recommended due to accumulated losses. The Board plans to sell the Silvassa assets and focus operations at the Uppal, Hyderabad facility.
This is a post-restructuring company starting essentially from scratch with negligible operations and negative net worth. Shareholders should note the going concern uncertainty flagged by the auditor — the stock may face volatility as trading approval from BSE is still pending. However, the company is debt-free with new promoters in place, which is a fresh-start scenario rather than a normal operating year.