Unaudited Financial Results for the quarter ended 30.06.2025.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mayur Leather Products reported zero revenue from operations for Q1 FY26 (June 30, 2025), continuing the complete halt in business activity seen in FY25. The company posted a standalone loss after tax of Rs. 10.28 lakhs (vs Rs. 7.48 lakh loss in Q1 FY25) and a consolidated loss of Rs. 11.13 lakhs. The statutory auditor issued a highly critical Limited Review Report listing 11 material issues, including non-availability of bank statements, non-transfer of unpaid dividends to IEPF, no deferred tax working, and most seriously, a going-concern uncertainty due to consecutive operating losses, no manufacturing or sales activity, and the auction of the company's land (with plant and machinery on it) by Canara Bank after the company was declared an NPA. The board also approved shifting of the registered office, appointment of a new secretarial auditor, and several director appointments ahead of the September 27, 2025 AGM.
This is a deeply distressed micro-cap. With zero operating revenue, accumulated losses, an NPA status with Canara Bank, unfiled income tax returns, and a qualified/adverse auditor opinion flagging going-concern doubts, shareholders face serious risk of value erosion. The stock is likely to remain illiquid and high-risk; existing investors may see further downside while new investors should avoid until business activity resumes and auditor concerns are resolved.