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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.
The board approved audited financial results for FY25 with an unmodified (clean) opinion from statutory auditors V. Nagarajan & Co. The company reported near-zero revenue from operations (Rs. 0.00 lakhs) and a net loss of Rs. 12.83 lakhs, narrower than the Rs. 17.47 lakhs loss in FY24. Total expenses stood at Rs. 13.43 lakhs for the year. The auditor flagged a material uncertainty about the company's ability to continue as a going concern — net worth is fully eroded (negative Rs. 423.73 lakhs) and current liabilities of Rs. 429.32 lakhs far exceed current assets of Rs. 5.00 lakhs. Operating cash flow was negative at Rs. 14.41 lakhs. The board also approved Apollo Trading & Finance's request to be reclassified from Promoter to Public category, subject to regulatory and shareholder approvals.
This is a high-risk filing for shareholders — the company is essentially non-operational with no revenue, fully eroded net worth, and depends entirely on promoter group financial support to stay afloat. The promoter reclassification could change the shareholding structure but the underlying business remains distressed, making this stock speculative.