Pursuant Regulation 30 and other applicable Regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that Board of Directors of the ....
Awaiting price reaction for this filing.
Mackinnon Mackenzie reported FY25 total revenue of Rs 44.83 lakhs, down from Rs 56.36 lakhs in FY24, and a net loss of Rs 16.66 lakhs, though much narrower than FY24's Rs 3,096.56 lakh loss which had included a Rs 3,032 lakh exceptional workmen settlement. The company's net worth is deeply negative at Rs (86,916.89) lakhs with accumulated losses of Rs 87,137 lakhs. Auditor J M & Associates issued a Qualified Opinion and flagged material uncertainty on going concern, though management cites a support letter from the 'Lending Company' (which holds assigned bank debts of Rs 86,109 lakhs) valid until September 2026. The board also appointed CS Bhakti Harsh Dalmia as Company Secretary effective June 1, 2025, and M/s. M P Sanghavi & Associates LLP as Secretarial Auditor for five years from FY26. Shares have been suspended from trading since 2005.
Despite the narrower loss, the deeply negative net worth, qualified audit opinion, going-concern uncertainty, and ongoing suspended trading status make this a high-risk stock with no near-term catalyst for retail investors. Operational scale is tiny (sub-Rs 50 lakh revenue) and survival depends on continued support from the lending company.