Audited Financial Results for the Financial Year ended on March 31, 2026
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Monind Limited reported zero revenue from operations for FY 2026, with Other Income of Rs. 198.56 Lacs only. The company posted a net loss of Rs. 76.10 Lacs for the year (vs Rs. 253.75 Lacs loss in FY 2025), with an EPS of Rs. (2.07). The balance sheet shows deeply negative equity of Rs. (5,431.88) Lacs, indicating eroded net worth. Total borrowings stand at Rs. 3,006.12 Lacs against cash reserves of just Rs. 4.71 Lacs. The auditors issued an un-modified opinion but included an 'Emphasis of Matter' noting there are no major business activities, accumulated losses, and current liabilities exceed current assets—raising substantial doubt about the company's ability to continue as a going concern.
This is a highly distressed company with no operating revenue, negative net worth, and heavy debt. While the audit opinion is technically clean, the going concern warning from auditors is a serious red flag. Shareholders should be aware the company may not survive in its current form without major restructuring or capital infusion.