Audit qualification on going concern; net worth fully eroded, OTS underway
KRIDHANINF · price
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Kridhan Infra's FY25 audit carries a going concern qualification on both standalone and consolidated results. Net worth is fully eroded at negative 28,317 lakhs (consolidated), with liabilities of 30,961 lakhs far exceeding assets of 2,644 lakhs. Turnover is just 304 lakhs, while the reported profit of 7,229 lakhs mainly arises from One Time Settlement debt derecognition (exceptional). One lender OTS completed; another under process. Auditor issued a qualified opinion. Management sees going concern basis as valid due to OTS progress, cost cuts, and planned equity infusion.
Serious financial distress with fully eroded net worth and lender defaults. Stock remains high risk until remaining OTS and equity infusion are completed.