We hereby submitting revised Results with Clarification letter for the Quarter ended December 31, 2024
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Noble Polymers Ltd, which was previously delisted and is now applying for revocation of delisting with BSE, has submitted revised quarterly financial results for Q3 FY25 (ended December 31, 2024) in IND-AS format after BSE raised a query about PDF format. The company reported total income of Rs 42.88 lakhs (entirely from other income), total expenses of just Rs 0.85 lakhs, and a profit after tax of Rs 33.53 lakhs (EPS of Rs 0.52) for the quarter. Revenue from operations remains negligible/zero, indicating the core business is essentially inactive. The auditor R.B. Gohil & Co was appointed in a casual vacancy on March 6, 2025, replacing the previous auditor.
The positive PAT of Rs 33.53 lakhs comes entirely from other income with no operating revenue, suggesting the company's core business is dormant. The delisting revocation process, restated results, and mid-year auditor change are red flags investors should monitor closely.