With reference to cited subject, it is hereby informed that meeting of Board of Directors of the company has been held today i.e. Saturday, 17th May 2025 commenced at 01:30pm and concluded ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Meyer Apparel reported audited results for Q4 and FY25 with total revenue of Rs. 128.27 lakhs for the full year, sharply lower than Rs. 454.48 lakhs in FY24 — a drop of roughly 72%. Q4 revenue was Rs. 29.56 lakhs vs Rs. 147.77 lakhs a year ago. The full-year net loss narrowed to Rs. 106.88 lakhs from Rs. 183.48 lakhs, but the company remains loss-making with EPS of Rs. (0.13). Accumulated losses have grown to Rs. 6,218.07 lakhs and net worth is negative at Rs. 3,278.40 lakhs. Operating cash flow for FY25 was negative at Rs. (0.90) lakhs. The auditor issued an unmodified opinion but included an emphasis of matter flagging material uncertainty about the company's ability to continue as a going concern. The company separately confirmed NIL qualified borrowings.
Despite losses narrowing, the stock remains unattractive given deep negative net worth, dwindling revenues, accumulated losses of over Rs. 62 crore, and an explicit going-concern uncertainty flagged by the auditor — significant risk for existing shareholders.