As per attached
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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 reported virtually no business operations for FY25, with revenue from operations at NIL (vs Rs. 2.10 lakhs in FY24). The company posted a net loss of Rs. 391.71 lakhs for the full year, taking its negative net worth to Rs. 4,897.94 lakhs — total liabilities exceed total assets by Rs. 5,198.17 lakhs. The statutory auditor M/s JM & Associates issued an Adverse Opinion, noting the company's accounts have been classified as NPA since 2018, all branches except Mumbai are shut, bank accounts are blocked, and promoters/directors have been declared willful defaulters. Banks have auctioned properties in Mumbai, Kolkata, and Chennai, while the company is negotiating a one-time settlement of Rs. 22.81 crore (already deposited Rs. 1.75 crore). Related parties VXL Instruments and VXL Software Solutions have entered insolvency resolution, and the company has had no CFO since November 2022.
This is an effectively defunct company with nil operations, deeply negative net worth, ongoing bank recovery actions, and adverse audit opinion — extremely high risk for shareholders with the stock effectively in penny/distress territory. Investors should treat this as a cautionary case; any recovery depends entirely on the pending one-time bank settlement and asset auctions, with significant dilution or write-down risk for existing equity holders.