Please find enclosed herewith outcome of Board Meeting
Awaiting price reaction for this filing.
Sir Shadi Lal Enterprises Ltd's board approved audited financial results for Q4 and FY ended March 31, 2025, along with the appointment of Mr. Rahul Saini as Secretarial Auditor (5 years) and Mr. Rishi Mohan Bansal as Cost Auditor for FY26. FY25 revenue fell sharply to Rs. 26,834 lakhs from Rs. 46,215 lakhs in FY24, and the company posted a net loss of Rs. 4,460 lakhs (vs. Rs. 919 lakhs loss in FY24). The distillery did not operate during sugar season 2024-25 due to repair needs. The auditor gave an unmodified opinion but flagged going concern reliance on parent Triveni Engineering & Industries (TEIL), a change in land accounting policy (reversal of Rs. 37,782 lakhs revaluation gain), and Rs. 4,380 lakhs in additional cane dues interest as contingent liability. A composite scheme to merge SSLEL into TEIL awaits stock exchange approval.
Shareholders face a deeply negative FY25 with revenue halving and losses widening; however, the TEIL backing and planned merger could provide stability. The restated balance sheet shows negative other equity of Rs. 21,487 lakhs, signaling serious capital erosion that investors should weigh carefully.