AUDITED STANDALONE FINANCIALS OF THE COMPANY FOR THE QUARTER AND YEAR ENDED ON 31-03-2025
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The company reported audited FY25 revenue from operations of ₹16.22 lakhs, down about 41% from ₹27.68 lakhs in FY24. Net loss for FY25 widened to ₹72.65 lakhs versus ₹68.12 lakhs in the prior year, with Q4 FY25 loss at ₹17.46 lakhs. The balance sheet shows severely negative other equity of ₹(11,468.12) lakhs, meaning accumulated losses vastly exceed share capital, while total borrowings stand at roughly ₹3,690 lakhs. Operating cash flow was negative at ₹(69.40) lakhs. The going-concern assumption is supported only through a promoter comfort letter. The auditor issued an unqualified opinion but drew attention to outstanding PF dues of ₹16.38 lakhs spanning 2013-14 to 2023-24, and disclosed pending disputes including excise duty of ~₹8.52 crore at CESTAT Hyderabad and customs duty of ~₹1.04 crore at CESTAT Bangalore.
Negative for shareholders — the company is loss-making with a deeply eroded net worth, declining top line, and operational cash burn. Reliance on a promoter comfort letter to sustain going-concern status and pending large tax/excise disputes are material risk factors likely to weigh on the stock.