Modipon Q1FY27 loss widens to Rs 13.42L; revenue nil, auditor flags multiple notes
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Modipon Limited reported Q1FY27 unaudited results with zero revenue (manufacturing shut since 2007). Loss before tax widened to Rs 13.42 lakh vs Rs 9.04 lakh loss in Q1FY26. EPS at minus Rs 0.12. Auditor's review flagged multiple notes including unprovided interest of Rs 1,000.54 lakh to a supplier, pending PNB loan disputes since 2014, related-party AML loans unallocated, Rs 58 lakh central excise liability unprovided, and preference share redemptions overdue since 1996. Going concern concerns persist.
Sustained losses with no manufacturing, unresolved bank and tax disputes, and preference share redemptions overdue since 1996 signal serious going-concern risk for shareholders.