Outcome of unaudited financial results for the June Quarter ended 2025 of the company along with Limited review report under Regulation 30 of SEBI( LODR) Reg 2015
Awaiting price reaction for this filing.
Richa Industries Limited submitted its Q1 FY26 results after the NCLT Chandigarh ordered the company into liquidation on June 11, 2025, with Mr. Mohit Chawla appointed as Liquidator. The company has no Board of Directors and approvals are being given by the Liquidator. Revenue from operations rose to ₹936.55 lakhs from ₹576.13 lakhs in Q1 FY25, but total expenses jumped to ₹1,520.78 lakhs, widening the loss before tax to ₹584.17 lakhs versus ₹301.15 lakhs a year ago. Other equity is deeply negative at ₹(34,161.33) lakhs against a paid-up capital of ₹2,351.69 lakhs, reflecting accumulated losses. The statutory auditor (Chandra Gupta & Associates) issued an unmodified limited review conclusion, noting nothing came to their attention requiring disclosure under Regulation 33.
The stock is effectively a liquidation case — shareholders are unlikely to see any meaningful recovery given the massive negative net worth of over ₹34,000 lakhs versus just ₹2,351 lakhs of share capital. Continued losses and no operating board mean this remains a high-risk, illiquid situation with very limited upside for equity holders.