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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Priya Limited's Board approved audited results for FY25 showing essentially zero revenue from operations (Rs 0.08 lakh) and a net loss of Rs 391.71 lakhs, slightly narrower than the Rs 403.85 lakh loss in FY24. Total liabilities exceed total assets by Rs 5,198.17 lakhs, leaving negative net worth of Rs 4,897.94 lakhs. The statutory auditor M/s JM & Associates issued an Adverse Opinion citing the company's NPA status since 2018, nil business operations, closure of all branches except Mumbai, and the bank auction of properties in Mumbai, Kolkata and Chennai. The auditors also flagged related-party rent transactions not at arm's length, two related parties (VXL Instruments and VXL Software Solutions) under insolvency proceedings, pending CFO appointment, and a one-time settlement of Rs 22.81 crores under negotiation (Rs 1.75 crores deposited so far). The promoter has pledged 200,500 equity shares as collateral, and the company cannot pay Rs 66.40 lakhs of statutory gratuity dues.
This is severely negative for shareholders — operations are defunct, net worth is deeply negative, banks have classified the company as a willful defaulter and auctioned assets, and the auditor has issued an Adverse Opinion with multiple qualifications. The stock is effectively a distressed, near-shell company whose survival depends on a one-time bank settlement that remains under negotiation.