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Awaiting price reaction for this filing.
Priya Limited's board, on August 13, 2025, approved unaudited standalone financial results for Q1 FY26 (quarter ended June 30, 2025), reporting nil revenue from operations and a net loss of Rs. 93.77 lakhs versus Rs. 96.35 lakhs in the year-ago quarter. The statutory auditor (J M & Associates) issued an Adverse Opinion, citing the company's Non-Performing Asset (NPA) status with three banks, blocked bank accounts, negative net worth of Rs. (4,990.52) lakhs, and total liabilities exceeding total assets by Rs. 5,290.75 lakhs. The auditor flagged that the company, its promoters and directors have been classified as willful defaulters (contested by management), properties in Mumbai, Kolkata and Chennai have been auctioned, and a one-time settlement of Rs. 22.81 crore is pending against a deposit of Rs. 1.75 crore. The board also appointed Mr. Sushil Sakpal as an Additional Independent Director for a five-year term and reconstituted the Audit, Nomination & Remuneration, and Stakeholders Relationship Committees, while the CFO position remains vacant since November 2022.
This is a deeply distressed company with no operating business, negative net worth, and an adverse audit opinion — a very negative signal for existing shareholders. The stock likely remains high-risk with limited prospects of recovery until the bank settlement and operational revival materialise, and may face continued regulatory and trading scrutiny.