We are hereby submitting Revised financial Results for March 31, 2025 with clarification letter
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Noble Polymers has submitted revised audited financial results for the year ended March 31, 2025 in IND-AS format, as requested by BSE. The company was previously delisted and is currently in the process of revocation of its listing. For FY25, the company reported a net profit of Rs 319.66 lakhs compared to a loss of Rs 0.28 lakhs in FY24, driven primarily by other income of Rs 393.95 lakhs (no revenue from operations). Total assets jumped sharply from Rs 51.34 lakhs to Rs 840.51 lakhs, and reserves turned positive at Rs 314.24 lakhs. The statutory auditor R.B. Gohil & Co. issued an unmodified opinion, and noted that the previous auditor (Niranjan Jain & Co.) resigned during the year. Q4 standalone results showed a loss of Rs 26.62 lakhs.
The full-year turnaround to profit is driven mainly by non-operating income rather than core business activity, so shareholders should view this cautiously. The auditor change mid-year, pending revocation of delisting, and significant loans to several parties (including share brokers and consultancies) are governance red flags worth monitoring.