We hereby inform you that the Board of Directors of the Company in it''s meeting held today i.e. 12th May 2025, has considered and approved the audited financial results Q4 & year ended ....
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Modella Woollens reported audited results for FY25 with total income of just ₹6.67 lakhs, down from ₹7.94 lakhs in FY24 — a roughly 16% year-on-year decline. The company posted a net loss of ₹17.22 lakhs for FY25, wider than the ₹12.83 lakh loss in FY24, with basic EPS worsening to (₹1.89) from (₹1.41). Total expenses remained heavy at ₹23.97 lakhs against minimal revenue, confirming the business is deeply unprofitable at current scale. The balance sheet shows other equity at a sharply negative ₹724.33 lakhs, meaning the company has negative net worth. Cash and bank balances fell to ₹17.62 lakhs from ₹36.05 lakhs a year earlier. The statutory auditor (Kochar & Associates) issued an unmodified (clean) opinion on the results.
This is a financially distressed micro-cap — the company is loss-making, shrinking, and sitting on negative book value, which raises serious solvency concerns for shareholders even though the auditor did not flag a going-concern issue. Stock price is likely to remain weak; long-term investors should view this as a turnaround situation with high risk.