BSEPriya Ltd-$HighNeutral
Announced Thu, 29 May · 20:48 IST

As per attached

Going ConcernQualified OpinionAdverse OpinionEmphasis Of MatterRevenue DeclinePat NegativeResults View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Priya Limited reported audited results for Q4 and FY ended 31st March 2025, showing revenue from operations of just Rs 2.10 lakhs (down sharply from Rs 36.10 lakhs last year) and a net loss of Rs 391.71 lakhs. The company's other equity stands at negative Rs 5,198.17 lakhs, with total liabilities exceeding total assets by the same amount. Statutory auditor JM & Associates issued an Adverse Opinion, flagging NPA status with banks since 2018, closure of all branches except Mumbai, willful defaulter tag on promoters, auctioned properties in Mumbai/Kolkata/Chennai, a Rs 3,269.64 lakhs provision for doubtful export receivables, vacant CFO position since Nov 2022, and related-party rent transactions not at arm's length. The Board appointed JM & Associates as statutory auditor for a 5-year term (38th to 43rd AGM).

Likely market impact

This is a deeply distressed company — effectively zero operations, negative net worth, adverse audit opinion, and pending one-time settlement talks with lenders. The stock is a high-risk, likely delisting candidate; shareholders face near-total erosion of value with no clear path to recovery.