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 submitted a revised outcome to BSE, adding the previously omitted Balance Sheet and Cash Flow Statement alongside its already-filed audited results for FY25. The company blames an inadvertent clerical error and says the original board meeting outcome stands unchanged. The financials reveal a company with no revenue from operations, other income of just Rs 7.40 lakhs, and a net loss of Rs 404.57 lakhs for FY25 (slightly narrower than the Rs 446.41 lakh loss in FY24). Total expenses of about Rs 500 lakhs are dominated by depreciation/amortisation of Rs 494 lakhs. The filing also references the company's past Corporate Insolvency Resolution Process (CIRP) and notes that a new statutory auditor, N G Rao & Associates, was appointed on October 31, 2025, replacing the previous auditor.
This is primarily a procedural correction, but it exposes a weak operating profile — essentially no business activity, recurring losses, and a history of insolvency proceedings. Shareholders should note the high risk profile and the change in auditor mid-way through finalisation of accounts.