Announced Wed, 24 Dec, 2025 · 12:32 IST
Audited FY24 results: Rs 5,302 lakh loss, going concern flagged
Going ConcernEmphasis Of MatterPat NegativeExceptional ItemRevenue DeclineNegative Operating CashflowResults View source PDFExplain this filing
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Price reaction
Awaiting price reaction for this filing.
AI summary
Audited FY24 results filed. Revenue from operations was Rs 67,955 lakhs and net loss was Rs 5,301.82 lakhs, lower than FY23 loss of Rs 1,42,610 lakhs. Auditor flagged going concern uncertainty due to complete erosion of net worth, loan defaults and CIRP proceedings. CIRP initiated Nov 2022 was withdrawn in Sept 2025 after lenders accepted one-time settlement. Multiple contingent liabilities of around Rs 3.15 lakh crore disclosed.
Likely market impact
Despite reduced loss and CIRP withdrawal, negative net worth and large contingent liabilities remain key risks for shareholders.