Pursuant to the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform that the Board of Directors of the Company ....
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Awaiting price reaction for this filing.
Gujarat Winding Systems Ltd (formerly Hi-Tech Winding Systems Ltd) announced audited results for FY25 at its board meeting on 24 May 2025. Total income for the year stood at Rs 29.80 lakhs (vs Rs 2.24 lakhs in FY24), but this entire amount came from 'other income' — revenue from operations was NIL. Profit after tax was Rs 5.85 lakhs (vs Rs 0.18 lakhs), with EPS of Rs 0.01. However, cash flow from operating activities was sharply negative at Rs (11.37) lakhs versus Rs 0.61 lakhs in the previous year. The balance sheet shows negative other equity of Rs (66.51) lakhs, indicating accumulated losses, and no business borrowings. The statutory auditor, K M Chauhan & Associates, issued an unmodified (clean) opinion after being appointed mid-year following the resignation of the previous auditor Gaurang Vora & Associates. The auditor also flagged outstanding income tax dues (principal + interest) of roughly Rs 60+ lakhs spread across assessment years 1997, 2019 and 2020, and noted a dormant bank account since 2019.
The numbers are very small and the company has no operational revenue, so the headline profit is not meaningful. Shareholders should note the negative operating cash flow, accumulated losses, unpaid old tax demands, and the mid-year auditor change — these point to weak fundamentals and limited business activity rather than genuine growth.