Letter attached
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 submitted its reviewed quarterly results for the quarter ended 30 June 2025 to the BSE. The company is currently operating under an NCLT-approved Resolution Plan (approved by order dated 25 May 2023 in favour of M/s Amrutha Constructions Pvt Ltd) and is in the process of reviving its manufacturing facilities. It sold its land and buildings at Silvassa to part-finance the revamping, treating the resulting gain as an exceptional item. Note 3 explicitly states that though the company currently has no operations and its networth is negative, the financials are being prepared on a going-concern basis given the revival plan. Auditor Brahmayya & Co issued an unmodified review report but flagged an Emphasis of Matter referring to the resolution plan and the Silvassa asset sale; it also noted that impairment of plant, machinery and fixed assets at the Silvassa plant has not yet been assessed.
Investors should note this is essentially a pre-revival entity with no active operations, negative networth, and asset sales driving reported results. The financials rely entirely on the successful execution of the NCLT resolution plan; failure of the revival could raise serious going-concern doubts. The stock remains a high-risk, speculative micro-cap reconstruction play rather than an operating business.