Outcome of Board Meeting held today dated August 13, 2025
Awaiting price reaction for this filing.
Uniworth Limited's Board approved its unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). The company reported virtually no revenue from operations, with total income of just Rs 2.63 lakhs (entirely from other income). Total expenses stood at Rs 45.14 lakhs, leading to a net loss of Rs 45.14 lakhs versus a loss of Rs 43.77 lakhs in the same quarter last year. Loss per share was Rs (0.13). The auditor's limited review flagged significant unadjusted items including overdue export trade receivables of Rs 56,145.26 lakhs (over Rs 561 crores), other current assets of Rs 5,252.96 lakhs from banks, and contingent liabilities of Rs 3,061.97 lakhs in government demands plus Rs 382.24 lakhs in preference share claims. Capital employed remains deeply negative at Rs (1,16,786.58) lakhs, indicating liabilities vastly exceed assets.
This is a deeply concerning quarter for shareholders - the company has zero operating revenue, continues to post losses, and carries massive unadjusted receivables and contingent liabilities. The manufacturing unit at Raipur has been shut since January 2021, original books remain inaccessible, and several bank accounts are frozen. Shareholders should view this stock as extremely high risk given the negative net worth, ongoing operational shutdown, and unresolved financial irregularities.