With regard to captioned subject the board of directors of the company at the meeting held on 06th May,2025 has considered and approved the audited financial result for the quarter and ....
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Pratiksha Chemicals reported deeply negative FY25 results with revenue from operations falling sharply to ₹605.90 lakhs from ₹1,029.95 lakhs in FY24, a drop of roughly 41%. The company posted a net loss of ₹766.47 lakhs, translating to an EPS of ₹-13.76, while total expenses ballooned to ₹1,377.29 lakhs. Critically, the company has shut down its manufacturing operations, dismantled and sold off its machinery as scrap, and is now planning to sell its factory land; the net worth has turned negative at ₹-403.42 lakhs against total liabilities of ₹738.47 lakhs. The statutory auditor (Chandabhoy & Jassoobhoy) issued a qualified opinion flagging material uncertainty over the company's ability to continue as a going concern, along with non-compliance with Ind AS on employee benefits and inventory valuation. Operating cash flow was also negative at ₹-30.07 lakhs, and related party loans to the director and a group company (Dhara Procon) at 18% interest were disclosed.
This is a high-risk situation for shareholders: the core manufacturing business has been wound down, losses are mounting, net worth is negative, and the auditor has explicitly raised going concern doubts. The stock is likely to face significant selling pressure and reduced investor confidence, with the company's survival dependent on a yet-to-be-finalised trading business plan and proceeds from the sale of factory land.