As per annexure attached
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ind Agiv Commerce Ltd has filed its 39th Annual Report for FY 2024-25, with the AGM scheduled for August 11, 2025 via video conferencing. The company posted a net loss of ₹184.24 lakhs in FY25, narrower than the ₹312.13 lakhs loss in FY24, but revenue sharply declined from ₹822 lakhs to ₹353 lakhs (down ~57%). Net worth remains deeply negative at ₹627 lakhs against total debt of ₹1,898 lakhs, giving a debt-to-equity ratio of 19.3:1. The MD's speech explicitly references 'going concern' accounting for pre-sales investments of ~₹750 lakhs. The AGM notice also seeks shareholder ratification of a delayed preferential allotment of 30 lakh equity shares at ₹29/share (total ₹8.7 crore, partly converting promoter unsecured loans), approval to raise borrowing limits to ₹100 crore, and reappointment of the secretarial auditor for five years.
Existing shareholders should note continued losses, eroding negative net worth, and extremely high leverage, which raise going-concern concerns despite the narrowing loss. The preferential allotment will result in dilution and conversion of promoter loans into equity, which may strengthen the balance sheet but signals reliance on promoter funding rather than operational turnaround.