In compliance with Regulation 30 and 33 of SEBI (LODR) Regulation 2015, the Board of Director at their meeting held today has considered and approved Audited Financial results for the Quarter ....
Awaiting price reaction for this filing.
Fraser and Company Limited, a small construction and real estate materials supplier (incorporated 1917), announced its audited FY25 results on May 30, 2025. The company reported a net loss of Rs. 15.77 Million for FY25, wider than the Rs. 10.54 Million loss in FY24, on revenue of Rs. 3.09 Million. EPS worsened to (Rs. 1.94) from (Rs. 1.30). The statutory auditor issued a Qualified Opinion flagging Rs. 96.09 Million of unconfirmed trade receivables, Rs. 58.68 Million of unconfirmed trade payables, Rs. 28.65 Million of unexplained supplier advances, and a Rs. 0.91 Million understatement from blocked GST input tax credit. The auditor also highlighted a material uncertainty related to going concern, noting accumulated losses of Rs. 28 Million, negligible turnover, no orders in hand, negative net worth of Rs. (53.66) Million, and ongoing litigation. The board also appointed AAS & Associates as Secretarial Auditors for FY26.
This is a very negative filing for shareholders. The auditor has explicitly flagged going concern doubts, and the company's net worth is already negative, meaning existing shareholders face significant dilution or wipeout risk if the proposed business revival plan fails. Expect the stock to react sharply negatively on the open, and investors should treat this as a high-risk, distressed situation pending clarity on the management's plan to change the main object clause and restart revenue.