In terms of Regulation 30 with Part A of schedule III and Regulation 33 of SEBI (LODR)Regulations, 2015, we hereby enclose the un-audited Financial Results of the Company along with Limited ....
Awaiting price reaction for this filing.
Videocon Industries Limited has submitted its delayed Q1 FY25 results (overdue since June 2024) while under Corporate Insolvency Resolution Process (CIRP) since June 2018. The company reported revenue of Rs 1,614.81 million but posted a massive loss of Rs 22,398.35 million (approx Rs 224 crore), driven primarily by extremely high finance costs of Rs 21,640.58 million. The Resolution Professional signed the financials on February 10, 2026, as the board's powers remain suspended under IBC. The statutory auditor G A M P & Co. issued a full Disclaimer of Conclusion, refusing to express any opinion on the financials due to non-availability of pre-CIRP records, lack of cooperation from promoters, ongoing investigations by SFIO and Enforcement Directorate, and unresolved questionable accounting transactions from pre-CIRP period. The company clarified that trading in its securities has remained suspended since June 16, 2021.
Shareholders face extreme risk as the company is under insolvency proceedings with negative net worth, suspended stock trading, and auditors unable to verify financial data. The disclaimer of opinion means investors cannot rely on any financial numbers disclosed, and the outcome of the CIRP remains pending due to Supreme Court proceedings.