We hereby submit the Statement of Impact of Audit Qualification for the quarter and year ended March 31, 2025
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Maruti Securities Limited has filed the statement of impact of audit qualification for the quarter and year ended March 31, 2025. The auditor issued a qualified opinion flagging material uncertainty about the company's ability to continue as a going concern, noting that the company has no operational activity and accumulated losses of Rs. 2,689.84 lakhs have fully eroded its net worth, which stands at negative Rs. 2,165.13 lakhs. For the year, the company reported a net profit of Rs. 1,301.21 lakhs on total income of Rs. 1,430.11 lakhs, but total assets are just Rs. 45 lakhs against total liabilities of Rs. 2,165.57 lakhs. This is a repeat qualification from previous years. Management says losses have reduced substantially versus the prior year and that new management is confident the company can return to positive net worth in the coming years.
For shareholders, this filing highlights serious financial distress — the company is operationally inactive, its net worth is deeply negative, and the auditor itself doubts its ability to continue as a going concern. The stock (BSE: 531319) carries high risk and is likely to remain thinly traded and volatile until the company resumes real business activity and rebuilds its balance sheet.