Please find attached herewith Annual Report for Financial Year 2024-25.
Awaiting price reaction for this filing.
Garlon Polyfab Industries Ltd, a Kanpur-based textile trading company, has submitted its Annual Report for FY 2024-25. Revenue from operations stood at Nil for the year, same as the previous year. The company recorded a net loss after tax of Rs. 3.25 lakh, an improvement from the Rs. 4.40 lakh loss in FY 2023-24. The company stated it is 'not in operation' and is exploring viable business options. Trading in the company's shares remains suspended on BSE, and management is working to revoke the suspension. No dividend has been recommended, and paid-up share capital remains unchanged at Rs. 4.61 crore.
The company is essentially dormant with zero revenue, ongoing losses, and suspended trading on BSE — meaning shareholders currently cannot trade shares and the business has no active operations. The slight reduction in losses offers minimal comfort, but until operations resume and the BSE suspension is lifted, the stock remains illiquid and the company faces going concern uncertainty.