Please find attached the financial results of the Company for the quarter and year ended 31st March, 2025.
Awaiting price reaction for this filing.
Trustwave Securities reported zero revenue from operations for FY25, with total income of just Rs 0.04 lakhs, indicating no business activity. The company posted a standalone loss of Rs 17.09 lakhs in FY25, widening from a Rs 7.44 lakhs loss in FY24, with Q4 FY25 loss at Rs 10.03 lakhs versus Rs 3.44 lakhs a year ago. Net worth is firmly negative at Rs -93.59 lakhs (down from Rs -76.50 lakhs), while non-current borrowings more than doubled to Rs 162.27 lakhs. Operating cash flow was negative at Rs -17.80 lakhs, and the funding gap was bridged by fresh long-term borrowings of Rs 106.25 lakhs. Statutory auditor Vinod S. Mehta & Co. issued an unmodified (clean) opinion on the results.
This is a financially distressed shell-like company with no operating revenue, eroding equity, and rising debt load. Shareholders face serious value erosion risk and possible dilution as the company depends entirely on fresh borrowings to survive.