Pursuant to second proviso to Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors of the Company ....
Awaiting price reaction for this filing.
Murae Organisor Limited's board, meeting on 22 May 2025, approved audited financial results for Q4 and full year ended 31 March 2025. Full-year revenue from operations jumped dramatically to Rs 85,482.18 lakh from just Rs 254.33 lakh a year earlier, with profit after tax of Rs 751.93 lakh (vs Rs 5.31 lakh in FY24). The company also appointed M/s. Jay Pandya & Associates as Secretarial Auditor for FY24-25. Balance sheet expanded sharply to Rs 65,195.93 lakh from Rs 11,986.33 lakh, funded by fresh equity (paid-up capital nearly quadrupled to Rs 18,589.64 lakh) and unsecured borrowings of Rs 21,275.11 lakh. However, cash from operations was deeply negative at Rs -32,296.90 lakh.
Despite the headline revenue explosion, the statutory auditor issued a Disclaimer of Opinion, flagging inability to verify large unsecured loans (Rs 21,275 lakh), unconfirmed advances (Rs 28,367 lakh), missing E-Way bills for sales, no godown facilities, and unreconciled GST balances. This is a serious red flag - shareholders should treat reported numbers cautiously as several material items remain unaudited and unverifiable, raising governance and going-concern concerns despite the apparent scale-up.