Pursuant to the Regulation 30 and 33 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, request you to take a note that the Board ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Microse India Limited's board approved audited financial results for Q4 and FY25 on 28th May 2025. The company swung from a profit of Rs. 109.92 lakhs in FY24 to a loss of Rs. 38.20 lakhs in FY25, with EPS turning negative at (Rs. 3.80) versus Rs. 10.92 last year. Operating cash flow deteriorated sharply to a negative Rs. 343.94 lakhs versus a negative Rs. 35.00 lakhs in FY24. The auditor (Todarwal & Todarwal LLP) issued a qualified opinion, flagging that the company recorded investments and inventory of equity shares at cost instead of fair value as required by Ind AS 109, and retained delisted stocks without writing them off, risking overstatement of inventory. Notably, the auditor's reference to evaluating the going concern basis 'under the direction of the Resolution Professional' suggests the company may be undergoing insolvency proceedings. The filing's claim of an 'unmodified opinion' directly contradicts the auditor's qualified opinion.
Major red flags for shareholders — the qualified audit opinion, profit-to-loss reversal, severe cash flow deterioration, and apparent Resolution Professional involvement signal serious financial distress and significant downside risk. The mismatch between the company's claimed unmodified opinion and the actual qualified auditor report raises serious governance concerns.