Kridhan Infra Limited has informed the Exchange about Addendum

Going-concern doubtQualified audit opinionEmphasis of matterNet loss reportedExceptional itemNegative operating cash flowResults View source PDF Explain this filing

KRIDHANINF · price

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Price reactionminutes from the announcement price · days from the prior close

+0.0%Reaction day

₹3.87

prior close

₹3.86

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.1%+2.1% vs market

On the reaction day the stock moved 2.1 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.3

10m

+0.3

15m

-2.8

30m

-0.3

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

+0.0-2.1+2.1

Next day

+0.8-2.9+3.7

-0.5-3.3+2.8

+0.5-2.0+2.5

-0.8-0.7-0.1

+4.1-1.0+5.1

+5.2-1.5+6.7

15d

-3.9-0.3-3.6

-3.9+0.3-4.2

-2.3-1.8-0.5

+7.2-5.3+12.5

UpDownMarket · Nifty Microcap 250Pending

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AI summary

Kridhan Infra reported audited FY24 results with a standalone loss of Rs. 2,501.29 lakhs (improved from Rs. 5,000.27 lakhs loss in FY23) and a consolidated loss of Rs. 2,512.50 lakhs. The company's net worth is fully eroded, with negative other equity of Rs. 37,273.68 lakhs (standalone) and Rs. 37,431.25 lakhs (consolidated). An exceptional item of Rs. 2,577.74 lakhs (standalone) was booked, mainly on account of impairment of investment in the associate company Vijay Nirman. The auditor issued a qualified opinion due to non-provision of interest on NPA-classified bank borrowings, pending a One Time Settlement (OTS) with lenders. Standalone operating cash flow was negative at Rs. -689.82 lakhs. The Singapore subsidiary is under liquidation, and the associate's net worth is fully eroded.

Likely market impact

This is a high-risk filing — the company is technically insolvent with fully eroded net worth, and its survival depends on the success of the ongoing OTS with lenders. The qualified audit opinion and going concern uncertainty make this a speculative situation; existing shareholders face significant dilution or restructuring risk if the settlement falls through.