Pursuant to Regulation 30 & 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, as amended, we wish to inform that the Board of Directors of the Company (Power ....
Awaiting price reaction for this filing.
CMI Limited's Board (power suspended) approved unaudited financial results for Q1 FY25 (quarter ended June 30, 2024) on October 29, 2025, under authorization of Resolution Professional Mr. Deepak Maini. The company has been under Corporate Insolvency Resolution Process (CIRP) since August 2023 after NCLT Delhi admitted Canara Bank's petition under Section 7 of the Insolvency and Bankruptcy Code. Revenue from operations rose sharply to Rs 1,561.22 lakhs from Rs 404.58 lakhs in Q1 FY24, but the company posted a net loss of Rs 351.66 lakhs versus Rs 286.44 lakhs in the year-ago quarter. Accumulated losses of Rs 15,489.85 lakhs have fully eroded the net worth against paid-up capital of Rs 1,602.74 lakhs. The statutory auditors disclaimed their opinion, flagging going concern doubts, non-compliance with Ind AS, and missing confirmations and reconciliations.
Shareholders remain exposed to high risk as the company is in active insolvency with fully eroded net worth and a disclaimed audit opinion, meaning future value depends entirely on the CIRP resolution plan outcome.