Revised outcome due to inadvertent omission of Statement of Asset and Liabilities and Cash Flow Statement for the quarter and year ended March 31, 2025
Awaiting price reaction for this filing.
Sankhya Infotech has resubmitted its audited financial results for the quarter and year ended March 31, 2025 after admitting that the Statement of Assets and Liabilities and the Cash Flow Statement were left out of the original January 30, 2026 board meeting outcome due to a clerical error. The company reported zero revenue from operations for the full year, with only Rs 7.40 lakhs of other income and a net loss of Rs 404.57 lakhs (FY24 loss was Rs 446.41 lakhs). The statutory auditor, N G Rao & Associates, gave an unmodified opinion but included an Emphasis of Matter noting it was newly appointed on October 31, 2025 to audit from FY 2022-23 onwards, replacing the previous auditor who had only covered up to FY 2021-22. The company also disclosed that long delays in finalising accounts were caused by its past Corporate Insolvency Resolution Process (CIRP), missing records, and the death of the previous audit firm's signing partner. Cash on the balance sheet is a negligible Rs 1.08 lakhs and the company has been making operating cash flows of essentially zero.
Shareholders should view this as a red flag: Sankhya Infotech is a zero-revenue, loss-making company emerging from insolvency with virtually no cash and a recently changed auditor. The narrowing annual loss is not meaningful given the absence of business activity, and the stock remains a high-risk, speculative holding.