Please find attached herewith Annual Report for the Financial Year 2021-22.
Awaiting price reaction for this filing.
Garlon Polyfab Industries has submitted its annual report for FY 2021-22 showing zero sales and zero other income — the company has been non-operational for several years. Total expenses for the year were ₹2,28,802, leading to a loss after tax of the same amount (compared to a loss of ₹3,78,857 in FY 2020-21). Basic EPS stood at negative ₹0.05 versus negative ₹0.08 previously. The directors have prepared the accounts on a going-concern basis and stated they are actively looking for strategic investors to restart operations. Long-term borrowings on the books are ₹1,02,46,000. The auditor's report carries no qualifications or adverse remarks.
For shareholders: this is a non-functional company with nil revenue, recurring losses, and no near-term plan to resume business beyond seeking a strategic investor. The stock carries significant risk and liquidity concerns; investors should treat any revival as speculative until actual operations resume.