Unaudited Financial Results for the Quarter Ended 30.06.2025
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Risa International Ltd reported unaudited financial results for Q1 FY26 (quarter ended 30 June 2025) showing a net loss after tax of approximately Rs. 14.89 lakhs, compared to a net loss of around Rs. 11.92 lakhs in the corresponding quarter last year. The full year FY25 (ended 31.03.2025) showed a much larger net loss of around Rs. 868.84 lakhs, slightly improved from the FY24 loss of Rs. 900.22 lakhs. Other equity remains deeply negative at Rs. (3,554.67) lakhs, indicating that accumulated losses far exceed the paid-up capital of Rs. 3,190.01 lakhs. The Board also approved the appointment of M/s. Motilal & Associates LLP as the new Statutory Auditor for a five-year term (FY 2025-26 to FY 2029-30), replacing M/s AMS & Co LLP whose five-year tenure has ended. The 31st AGM has been fixed for 22 September 2025 via video conferencing. The limited review by AMS & Co was clean, with no qualifications or emphasis of matter.
Persistent quarterly losses and a sharply negative net worth are red flags for shareholders, suggesting the company is eroding shareholder value. The auditor change appears to be a routine end-of-term rotation rather than a contentious switch, but investors should watch for any further deterioration in the negative reserves position.