Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors of the Company, in their meeting ....
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Mrugesh Trading Limited's board, meeting on 27th May 2025, approved its audited standalone financial results for Q4 and full year ended 31st March 2025. The company reported FY25 revenue from operations of ₹2,024.29 lakhs (up from virtually nil in FY24) and a profit after tax of ₹34.60 lakhs, reversing the prior year's loss of ₹0.17 lakhs. However, the auditor flagged a serious concern: the company has no business plan and does not intend to undertake any business activity in the near future, so the financials have been prepared on a non-going-concern basis with assets stated at realisable value. Operating cash flow was sharply negative at ₹(1,785.46) lakhs, while cash and equivalents ended the year at just ₹13.85 lakhs. The statutory auditor issued an unmodified opinion but drew specific attention to the going concern issue in the Emphasis of Matter.
Despite a one-time surge in revenue and a swing to profitability, the auditor's explicit going-concern warning and the company's stated intention to cease business activity signal serious doubt about future operations. Shareholders should treat this as a high-risk situation — the stock is effectively in wind-down mode with weak cash reserves and no forward business plan.