Outcome of Board Meeting held on 30.05.2025
Awaiting price reaction for this filing.
Uniworth Limited's board approved audited results for FY25 showing zero revenue from operations, with the company's Raipur manufacturing unit shut since January 2021 due to unavoidable circumstances. The company posted a net loss of Rs. 185.08 lakhs for FY25, slightly improved from Rs. 197.09 lakhs loss in FY24, with EPS of Rs. (0.54). Net worth is deeply negative at Rs. (1,16,739.86) lakhs against total liabilities of Rs. 1,91,113.65 lakhs. The statutory auditor issued a Qualified Opinion citing multiple repetitive issues: original books of accounts unavailable, no provision against overdue export bills and trade receivables of Rs. 56,145.26 lakhs considered doubtful, bank account debit freezes, and absence of impairment assessment under Ind AS 36. Operating cash flow was marginally negative at Rs. (0.91) lakhs.
This is a deeply distressed company — zero operating revenue, negative net worth exceeding Rs. 116 crore, and a history of qualified opinions raise serious going-concern doubts. Shareholders face continued erosion of value with no visible path to operational revival, and the stock is likely to remain under pressure.