Considered and Approved Financial Results for the quarter ended from 30 June- 2022 to 31t December, 2024. The Financial Results along with Limited Review Report of the Statutory Auditors ....
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Noble Polymers' board approved quarterly financial results spanning an unusually long period — from 30 June 2022 to 31 December 2024 — effectively bundling over two years of delayed quarterly filings into one submission. The results are accompanied by a Limited Review Report from R B Gohil & Co, Chartered Accountants, who issued a clean (unqualified) review opinion with no qualifications. The company also appointed R B Gohil & Co in a casual vacancy as auditor on 6 March 2025, indicating a recent change of statutory auditor. Key balance sheet figures show non-current investments of around Rs 275.49 lakhs, trade receivables of Rs 116 lakhs, and reserves and surplus standing at negative Rs 329.16 lakhs, pointing to accumulated past losses. Profit/loss numbers vary across periods with one showing a pre-tax loss of Rs 174.83 lakhs.
Shareholders should note serious compliance delays — over two years of results filed at once — and a change in auditor, which together raise governance red flags. The negative reserves signal past accumulated losses that could weigh on investor confidence, even though the current auditor gave an unqualified review.