BSEGarlon Polyfab Industries LtdHighNeutral
Announced Thu, 2 Jul · 15:33 IST
Garlon Polyfab Q2 FY21 results; net worth stays negative
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Garlon Polyfab Industries filed unaudited Q2 and H1 FY21 results for Sep 2020. Shareholders funds remain deeply negative at around minus 189.50 lacs, with reserves at around minus 650.82 lacs. Total assets were just 7.71 lacs against short term borrowings of 190.86 lacs. Revenue and net profit figures were negligible. The auditor issued an unqualified limited review report.
Likely market impact
Negative net worth and negligible revenue signal serious going concern risks; shareholder equity is effectively wiped out