Rolta India Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
Awaiting price reaction for this filing.
Rolta India, under Corporate Insolvency Resolution Process (CIRP) since January 2023, reported nil revenue from operations for Q1 FY26 (quarter ended June 30, 2025). The company posted a standalone loss of Rs 6.66 crore (vs Rs 5.53 crore loss in Q4 FY25) on total income of just Rs 2.38 crore (other income). Consolidated loss was Rs 6.63 crore. Standalone net worth is deeply negative at minus Rs 6,279 crore; consolidated net worth is minus Rs 10,482 crore. Auditors (Shah & Mantri) issued an Adverse Conclusion, flagging unassessed impairment of assets, non-recognition of corporate guarantee obligations of Rs 6,268.80 crore to US bondholders, foreign currency adjustments done without RBI approval, and admitted creditor claims of Rs 14,074 crore that remain unrecognized in books. A resolution plan approved by the Committee of Creditors in August 2024 is still pending NCLT approval, with a related matter sub judice in the Supreme Court.
This is a deeply distressed company in active insolvency with no operating revenue and massive negative net worth. Shareholder recovery prospects hinge entirely on the pending NCLT approval of the resolution plan, with Supreme Court proceedings adding further delay. The stock remains extremely high-risk and suitable only for highly speculative positions.