Grand Foundry Limited has informed the Exchange regarding Audited Financial Results for the Quarter and year ended 31 March, 2025
Awaiting price reaction for this filing.
Grand Foundry Limited reported audited financial results for FY25 and Q4 FY25, with a net loss of ₹68.06 lakhs for the full year, slightly wider than the ₹66.50 lakhs loss in FY24. Total income fell to ₹2.08 lakhs in FY25 from ₹2.77 lakhs in FY24, while Q4 FY25 loss stood at ₹15.78 lakhs. The balance sheet remains deeply stressed with negative net worth of ₹-563.47 lakhs and total assets of just ₹0.57 lakhs against liabilities of ₹564.07 lakhs. The auditor, Ashwani & Associates, issued an unmodified opinion, though flagged that the company's trading is temporarily suspended on BSE and NSE under Graded Surveillance Measures (GSM) Stage IV. Operating cash flow remained negative at ₹-69.61 lakhs in FY25.
The company is effectively non-operational with negligible revenue, persistent losses, negative equity, and its stock remains under GSM Stage IV surveillance with restricted trading. Shareholders face a deeply distressed business with no visible path to recovery, posing significant risk despite the clean auditor opinion.