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Awaiting price reaction for this filing.
Priya Limited reported nil revenue from operations and a net loss of Rs. 93.77 lakhs for Q1 FY26 (quarter ended June 30, 2025), with finance costs alone of Rs. 89.02 lakhs. Total liabilities (Rs. 5,233.51 lakhs) exceed total assets (Rs. 242.99 lakhs) by Rs. 5,290.75 lakhs, leaving net worth deeply negative at Rs. (4,990.52) lakhs. The statutory auditor (JM & Associates) issued an Adverse Opinion citing the company's NPA status since 2018, closure of all branches except Mumbai, bank-auctioned properties in Mumbai/Kolkata/Chennai, willful defaulter classification, unresolved one-time settlement with three lender banks, and a related-party rent transaction not done at arm's length. The Board also appointed Mr. Sushil Sakpal as Additional Independent Director and reconstituted the Audit, NRC, and Stakeholders Relationship Committees.
This is a deeply distressed micro-cap with nil operating revenue, chronic losses, negative net worth, and a bank-driven asset erosion. Shareholders should treat the stock as highly speculative – any recovery hinges on successful one-time settlement with Indian Bank, Bank of Maharashtra, and Union Bank, and potential delisting or insolvency risk remains material.