Please find Annual report for the year ended 31st March, 2025.
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Hanman Fit Limited has submitted its Annual Report for FY2024-25 along with the notice for its 11th Annual General Meeting scheduled for 30th September 2025. The company reported a sharp deterioration in financials — total income fell to Rs 18.28 lakhs (from Rs 19.85 lakhs) while total expenses surged to Rs 100.36 lakhs (from Rs 59.83 lakhs), resulting in a net loss of Rs 82.08 lakhs compared to a profit of Rs 65.55 lakhs in the previous year. Accumulated losses have ballooned to Rs 882.90 lakhs, wiping out most of the share capital base (equity at just Rs 167.10 lakhs). The auditor flagged a material uncertainty on the company's ability to continue as a going concern, citing Covid-19's lingering impact on its gymnasium business, and issued a disclaimer on internal financial controls. No dividend was declared.
Shareholders should be cautious — the company is loss-making with mounting accumulated losses and an explicit going concern warning from auditors. The stock is a high-risk micro-cap with weak internal controls and no near-term turnaround visibility, though any business revival could provide upside. The AGM will also seek re-appointment of two directors, Divesh Koli and Shailendra Sawant.