Considered and Approved Financial Results for the Quarterly and year end Audited financial results for 31.03.2025. The Financial Results along with Independent Audit Report of the Statutory ....
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Noble Polymers Limited has filed audited financial results for FY25 alongside an independent auditor's report. The company reported zero revenue from operations across all periods, with no manufacturing or trading activity. Profit for the full year was Rs 310.66 lakhs (vs a Rs 0.28 lakh loss in FY24), almost entirely driven by 'Other Income' of Rs 393.95 lakhs. The Q4 FY25 result was a loss of Rs 26.62 lakhs. The balance sheet shows negative Reserves and Surplus of Rs (329.42) lakhs, indicating accumulated losses. The auditor flagged that the previous statutory auditor (M/s Niranjan Jain & Co.) resigned during the year and was replaced by R.B. Gohil & Co. The company has extended loans/advances of about Rs 486 lakhs to several unrelated-sounding entities such as securities consultancies and finance companies.
For shareholders: the company has no operating business and is essentially loss-making from operations, with reported profit coming solely from 'other income' likely linked to interest on the Rs 486+ lakhs of loans given to various parties. The mid-year auditor change and the nature of these loan counterparties raise governance concerns. Stock may face scrutiny on volumes and price given the lack of core operations.