Please find attached herewith Financial results for quarter ended September 2024
Awaiting price reaction for this filing.
Garlon Polyfab Industries has submitted its unaudited Q2 FY25 results (quarter ended Sept 30, 2024) along with a limited review report from auditor D.C. Shukla & Co. The company reported no income from operations across any period. It posted a net loss of Rs. 0.51 lakh in Q2 FY25 versus Rs. 0.62 lakh loss in Q2 FY24, and a loss of Rs. 1.45 lakh for H1 FY25 versus Rs. 1.13 lakh in H1 FY24. Total assets stood at a meagre Rs. 6.22 lakhs while shareholders' funds were deeply negative at Rs. (202.63) lakhs, meaning liabilities far exceed assets. Short-term borrowings are Rs. 197.50 lakhs. The auditor drew attention to the Ind AS adoption and noted that comparative figures were not reviewed by them.
This is a micro-cap company in severe financial distress with negative net worth, near-zero assets, no revenue, and continuing losses — a serious red flag for shareholders. The stock is likely highly speculative and risky.