outcome of baord meeting held on 14.8.2025 to approve unaudited results for the qtr end 30.6.2025
Awaiting price reaction for this filing.
The Board of Andhra Pradesh Tanneries Ltd approved unaudited financial results for Q1 FY26 on 14 August 2025. Revenue from operations was zero, with only Rs 4.52 lakh coming from other income, against total expenses of Rs 5.87 lakh, resulting in a net loss of Rs 1.35 lakh. The company has reported no operational revenue across all quarters shown, and the note explicitly states that 'the company's plant is not in operation.' Reserves are deeply negative at Rs -1,501.02 lakh against paid-up equity capital of just Rs 220.84 lakh, with cumulative losses continuing to widen. The full-year FY25 (audited) showed a loss of Rs 27.29 lakh on total income of only Rs 1.50 lakh. The auditor issued an unmodified limited review report.
This is a serious red flag for shareholders — the plant remains shut, operational revenue is nil, reserves are deeply eroded (negative reserves over 6x the equity capital), and the company continues to post losses, raising serious going-concern doubts. The stock is highly risky and effectively non-operational at present.