Reference to the subject mentioned above, this is to inform you that the meeting of the Board of Directors of the company concluded at 5.30 P.M which was held on Thursday,7th August, 2025, ....
Awaiting price reaction for this filing.
The board of Shree Narmada Aluminium Industries approved its unaudited financial results for the quarter ended June 30, 2025 on August 7, 2025. The company reported a loss before and after tax of Rs 1.32 lakhs in Q1 FY26, a sharp improvement from the Rs 9.71 lakh loss in Q1 FY25. Basic and diluted EPS for the quarter stood at Rs (0.25) versus Rs (1.86) in the year-ago period. The statutory auditor, SVH & Associates, issued a limited review report carrying a qualification related to the company's long-standing going concern issue. The auditor highlighted that the company's net worth is fully eroded, and uncertainty exists that may cast significant doubt on its ability to continue as a going concern — a qualification that has been repeated for many years. The auditor also noted the historical sick company status and the recent Supreme Court order dated August 4, 2025, confirming the 2008 rehabilitation scheme. Operating cash flow remained negative at Rs (1.49) lakh versus Rs (11.53) lakh in Q1 FY25.
For shareholders, this is a worrying filing despite the narrower quarterly loss. The auditor's qualified opinion and explicit going concern warning indicate that the company's survival as a going entity remains doubtful. The stock price may remain under pressure and investors should treat this as a high-risk, small-cap name with unresolved legacy issues.