The Board of Directors today approved the Audited Standalone Financial Results for the quarter and year ended 31st March, 2025. Enclosed copy of the same.
Price
▲ 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 standalone results for the fourth quarter and full year ended 31 March 2025. The company reported a net loss of Rs. 100.74 lakhs for FY25, slightly better than the Rs. 108.23 lakhs loss in FY24. The statutory auditor issued an unmodified opinion but included a separate 'Material Uncertainty Related to Going Concern' paragraph, flagging accumulated losses of Rs. 7,553.67 lakhs and a negative net worth of Rs. 6,085.97 lakhs. The company has no active business at present and is being kept afloat by promoter financial support in the form of inter-corporate deposits of Rs. 6,046.30 lakhs. Cash flow from operations remained negative at Rs. (133.49) lakhs for FY25, though the company raised Rs. 137.72 lakhs through borrowings to maintain liquidity. Borrowings stand at Rs. 6,046.30 lakhs against total assets of just Rs. 16.58 lakhs.
This is a deeply distressed company with negative net worth, persistent losses, no operating business, and an explicit going-concern warning from auditors. Shareholders face significant risk as the company survives solely on promoter funding, and any withdrawal of that support could threaten its survival.