Auditor flags going concern doubt and qualified opinion on FY25 results

SAB Events submitted revised Q4 FY25 results after NSE pointed out a missing SEBI format note. The auditor issued a qualified opinion, flagging unprovided interest of about Rs 24 lakhs on loans and a pending goodwill impairment test on Rs 62 lakhs of goodwill. The auditor also flagged material uncertainty on going concern, as current liabilities are about 5 times current assets, the company cannot service its debt, and total equity is negative at minus Rs 199 lakhs. FY25 net loss narrowed to Rs 74 lakhs from Rs 109 lakhs in FY24. Operating cash flow was negative at Rs 27 lakhs.