Grand Foundry Limited has informed the Exchange regarding outcome of the Board meeting held on May 28, 2025.
Awaiting price reaction for this filing.
Grand Foundry Ltd's board, at its May 28, 2025 meeting, approved the audited financial results for Q4 and FY ended March 31, 2025. Total income for FY25 rose to about Rs. 277 lakhs from Rs. 208 lakhs in FY24, a growth of roughly 33%. However, the company reported a net loss of Rs. 68.06 lakhs for FY25, slightly wider than the Rs. 66.50 lakh loss in FY24. Operating cash flow was deeply negative at Rs. (69.61) lakhs, with the company relying on short-term borrowings (Rs. 69.38 lakhs inflow from financing) to fund operations. The balance sheet shows negative equity of Rs. (563.47) lakhs and total borrowings of Rs. 558.30 lakhs. Statutory auditor Ashwani & Associates issued an unmodified (clean) opinion on the results. The auditor also noted that the company's trading remains temporarily restricted/suspended on BSE and NSE under Graded Surveillance Measures (GSM) Stage IV.
Despite a clean audit opinion and revenue growth, the company continues to post losses, has deeply negative equity, and burns cash from operations funded by debt. The GSM Stage IV trading restriction is already in place, limiting liquidity for shareholders. This filing is procedural and unlikely to move the stock on its own, but underscores ongoing financial weakness.