Please find attached herewith Annual Report for Financial Year 2022-23.
Awaiting price reaction for this filing.
Garlon Polyfab Industries Limited has filed its Annual Report for FY 2022-23. The company continues to be non-operational with zero sales/revenue for both FY 2022-23 and the previous year. It booked a loss of Rs. 2,53,931 in FY 2022-23, slightly higher than the Rs. 2,28,802 loss in FY 2021-22, resulting in a negative EPS of Rs. 0.06. Management states the company has been non-functional for several years and is actively seeking strategic investors to restart operations. The auditor's report carries no qualifications or adverse remarks, and the 32nd AGM is scheduled for September 30, 2023.
This is a dormant shell company with no revenue, recurring losses, and uncertain future operations. Shareholders should view this as a high-risk investment with limited visibility on when (or if) business activity will resume. The stock is likely to remain illiquid and sentiment-negative unless a strategic investor or revival plan is announced.