Please find the enclosed Annual Audited Financial Results along with the Statutory Auditors Report for the year ended March 31, 2025.

Nagarjuna Fertilizers (NFCL) has filed its FY25 audited results on a 'non-going concern' basis after lenders (ACRE) sold all its core and non-core assets under the SARFAESI Act on May 31, 2024, ending its fertilizer and micro-irrigation operations. The company reports a full-year standalone profit of Rs. 2,42,487 lakhs against a loss of Rs. 1,29,763 lakhs in FY24, but this profit is entirely driven by one-time, non-cash items: a debt waiver of Rs. 1,34,007 lakhs, reversal of impairment provision of Rs. 1,06,561 lakhs, and Rs. 13,124 lakhs profit on asset sale. Q4 FY25 shows a loss of Rs. 1,075 lakhs with zero revenue from operations. Current liabilities exceed current assets by Rs. 86,096 lakhs, operating cash flow is negative at Rs. 21,106 lakhs, and other equity is deeply negative at Rs. (98,610) lakhs. Contingent claims stand at Rs. 81,596 lakhs, including an ongoing GAIL arbitration dispute. A 45.44% promoter stake moved from Amlika Mercantile to Agri Vestors Private Limited at Rs. 4.31/share on March 28, 2025.