In terms of Reguation 30 with Para A of schedule III and Regulation 33 of SEBI (LODR) Regulations 2015, we hereby enclose Audited Financial Results of the Company along with Audit Report ....
Awaiting price reaction for this filing.
Value Industries Ltd, a Videocon group company under consolidated corporate insolvency resolution process (CIRP) since September 2018, filed its delayed audited results for FY25. Total income collapsed to Rs 2.19 million in FY25 from Rs 11.31 million in FY24, an ~80% drop that reflects near-zero operations. Net loss widened to Rs 2,859.22 million (FY24 loss: Rs 2,555.34 million), translating to an EPS of Rs (72.97) vs Rs (65.21). The balance sheet shows deeply negative net worth of Rs (19,683.94) million with borrowings of Rs 27,110.66 million against total assets of just Rs 8,568.08 million. Statutory auditor GAMP & Co. issued a Disclaimer of Opinion, citing inability to verify pre-CIRP records, missing key managerial personnel, non-compliance with several Ind AS standards, and outstanding investigations by SFIO and Enforcement Directorate. The audit report separately flags a material uncertainty on the company's ability to continue as a going concern, with the outcome tied to the stalled CIRP now pending before the Supreme Court.
The stock has been suspended from trading on BSE and NSE since June 16, 2021, so there is no immediate price impact, but shareholders face an extremely distressed situation: deepening losses, massively negative net worth, unresolved insolvency, and a disclaimer audit opinion with going concern doubt. Recovery, if any, depends entirely on the Supreme Court's decision and a fresh resolution plan under CIRP.