Un-audited Financial Result of the Company along with Limited Review Report after rectification of Discrepancies reported by the Stock Exchange for the quarter ended 30th June, 2025.
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Awaiting price reaction for this filing.
Rajasthan Cylinders & Containers has reported a total income of Rs 22.06 lakh for Q1 FY26, marginally up from Rs 20.90 lakh in Q1 FY25. However, the company posted a loss after tax of Rs 31.94 lakh versus Rs 24.14 lakh in the same quarter last year, with EPS at negative Rs 1.01. The auditor (S.R. Goyal & Co.) issued a qualified conclusion flagging multiple issues: unprovided MSMED interest, Rs 241.88 lakh in related-party advances without formal agreements, unconfirmed balances, and questionable recognition of Rs 614.01 lakh in cumulative deferred tax assets despite a history of losses. Most critically, the auditor highlighted a material uncertainty about the company's ability to continue as a going concern, noting that manufacturing operations have been shut down due to sustained losses and Plant & Machinery has been sold off in tranches. The board plans to appoint a consultant for a new project. The filing also notes that the previous year's results were reviewed by a predecessor auditor, implying a recent auditor change.
This is a deeply negative filing for shareholders — the company has effectively ceased manufacturing, is bleeding cash, and the auditor has raised a going-concern warning. Related-party loans of Rs 241.88 lakh remain unconfirmed, and the stock faces serious delisting or valuation risk unless the proposed new project materializes. Retail investors should treat this as a high-risk situation with potential for further value erosion.