Integrated Filing-Audited Financials for the quarter and year ended March 31, 2025
Awaiting price reaction for this filing.
Grand Foundry Ltd submitted its integrated audited financial results for FY25. Total income dropped to Rs. 2.08 lakhs from Rs. 2.77 lakhs in FY24, a decline of roughly 25%. The company reported a net loss of Rs. 68.06 lakhs, slightly wider than the Rs. 66.50 lakhs loss last year, translating to a loss per share of Rs. 0.22. The balance sheet shows deeply negative shareholder equity of Rs. (563.47) lakhs due to accumulated losses of Rs. 1,780.67 lakhs, while total assets stand at just Rs. 0.57 lakhs. Auditor Ashwani & Associates issued an unmodified opinion but highlighted in 'Other Matters' that the stock is under Graded Surveillance Measures (GSM) Stage IV with trading temporarily restricted on both BSE and NSE. The company also disclosed a related-party loan of Rs. 558.30 lakhs from Gogia Leasing Limited (a common control entity), which has been rising steadily.
This is a deeply distressed micro-cap where equity is wiped out and stock trading is already suspended under SEBI's GSM Stage IV, meaning retail investors effectively cannot exit. The recurring losses, negative net worth, and rising related-party borrowings point to a serious going-concern risk with very limited near-term recovery prospects.