inter-alia, considered and approved the Unaudited Standalone Financial Results for the quarter ended 31.12.2024.
Awaiting price reaction for this filing.
Bombay Potteries & Tiles Ltd reported zero revenue from operations for Q3 FY25 and the first nine months of FY25, continuing a complete halt in business activity. The company posted a net loss of Rs 89.69 lakhs in Q3 FY25 versus a loss of Rs 1.56 lakhs in Q3 FY24, with a nine-month loss of Rs 92.05 lakhs and negative EPS of Rs (69.00) for the quarter. Nearly all of the Q3 expense (Rs 88.66 lakhs) was paid to BSE towards listing fees, fines, and processing fees related to revocation of listing suspension. BSE has delisted the company's shares effective December 17, 2024, and the company plans to appeal to the Securities Appellate Tribunal (SAT). Other equity stands at negative Rs 118.42 lakhs, meaning accumulated losses have wiped out share capital.
Shares have been delisted from BSE effective December 17, 2024, so retail investors can no longer trade this stock on the exchange — this is a severe negative event with potential total loss of liquidity. With zero revenue, negative reserves, and uncertain outcomes from the SAT appeal, investor recovery prospects are very weak.