outcome of Board meeting
Price
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Awaiting price reaction for this filing.
Panyam Cements' board approved audited financial results for Q4 and FY ended March 31, 2025, reporting a wider loss of ₹89.19 crore versus ₹55.02 crore in FY24. Revenue from operations fell sharply to ₹8.35 crore from ₹12.01 crore, a drop of about 30%, while Q4 revenue collapsed to just ₹41.92 lakhs versus ₹2,096.52 lakhs in the preceding quarter. The company confirmed that plant operations were temporarily halted during Q4 FY25 and Q1 FY26, with the plant restarted on June 26, 2025. The balance sheet shows negative networth of about ₹227.31 crore and total borrowings of roughly ₹393 crore. Statutory auditors issued an unmodified opinion but included an emphasis-of-matter paragraph flagging going concern doubt due to negative networth, current liabilities exceeding current assets, and cash losses; promoters have committed to infuse additional funds as needed. The 69th AGM is scheduled for October 31, 2025, with book closure from October 24 to October 31, 2025.
Negative for shareholders — widening losses, falling revenues, negative networth, and a going concern flag from auditors are serious concerns. However, plant restart on June 26, 2025 and confirmed promoter funding support could help stabilize operations going into FY26.