We hereby submitting Revised Results with Clarification letter for Quarter ended September 30, 2024
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Noble Polymers Ltd, a delisted company currently applying for revocation of its delisting, has resubmitted its quarterly financial results for the period ended September 30, 2024 after BSE sought the figures in IND-AS PDF format. The company reported a loss after tax of Rs 147.74 lakhs for the quarter, translating to a negative EPS of Rs 2.28, a sharp reversal from the previous quarter (June 2024) which had a profit of Rs 460.48 lakhs and EPS of Rs 7.11. Notably, the board approved a backdated catch-up of results from June 2022 to December 2024 in a single meeting on March 31, 2025, and a new auditor, R B Gohil & Co, was appointed in a casual vacancy on March 6, 2025. Total assets stood at Rs 728.88 lakhs with total equity (share capital plus reserves) of Rs 631.28 lakhs.
Shareholders face heightened uncertainty — the stock remains delisted, the quarterly results swung from profit to significant loss, financial reporting is being done on a bulk catch-up basis, and the auditor was replaced mid-cycle. These factors together raise serious governance and business viability concerns for anyone holding the stock.