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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Priya Limited reported an Adverse Opinion from auditors JM & Associates for FY 2025-26. The company showed an overall profit of Rs. 434.50 lakhs for the year, but this was driven entirely by an exceptional notional gain of Rs. 803.39 lakhs from property auctions by banks. Operations have effectively ceased with nil revenue from operations, all branches closed except Mumbai, and employees laid off. The company has negative net worth of Rs. 4,463.55 lakhs as liabilities exceed assets. Banks (Indian Bank, Bank of Maharashtra, Union Bank) have declared the company and its promoters as willful defaulters. The company owes Rs. 2,763.82 lakhs in outstanding interest on NPA accounts and has unpaid gratuity of Rs. 66.25 lakhs. Two related parties (VXL Instruments Ltd and VXL Software Solutions Pvt Ltd) are under Corporate Insolvency Resolution Process.
This is a severely distressed company with an Adverse Opinion, negative net worth, and no operating business. The stock at scrip code 524580 on BSE carries extreme risk for investors. The artificial profit from notional gains masks underlying operational collapse and does not represent genuine financial health.