Revised Statement on Impact of Audit Qualification for the Financial year ended March 31, 2025

Bheema Cements has submitted a revised Statement on Impact of Audit Qualification for FY25 after admitting that its earlier December 2025 filing accidentally used Q4 figures instead of full-year numbers. The corrected financials show a near-zero turnover of just Rs. 6.52 lakhs against total expenditure of Rs. 2,988.03 lakhs, producing a deep net loss of Rs. 2,981.51 lakhs and a negative EPS of Rs. 9.23. The statutory auditor, M/s P. Murali & Co., has issued a qualified opinion (appearing for the second time) flagging seven issues, including non-provision of interest on dues to Union Bank and JM Financial Asset Reconstruction, non-payment of Rs. 10 crore to JM Financial under an NCLAT order which has triggered a liquidation petition, unreconciled trade receivables and loans, non-remittance of TDS of Rs. 9.58 lakhs, lack of physical verification of PPE worth Rs. 19,864.35 lakhs, and unpaid annual listing fees that led to a SEBI trading suspension. Net worth of Rs. 1,288.88 lakhs against total liabilities of Rs. 23,664.77 lakhs highlights the company's severe financial stress.