We are enclosing herewith Un-audited financial results along with Declaration of the company on Un-audited financial statements for the quarter ended 30th June 2024 along with limited review ....
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Samtel India Ltd reported flat total income of Rs 3.45 lakhs for Q1 FY25, unchanged from Rs 3.45 lakhs in the year-ago quarter, but swung to a small net profit of Rs 0.40 lakhs versus a loss of Rs 0.93 lakhs in Q1 FY24. Total expenses were Rs 3.05 lakhs with finance costs of Rs 1.32 lakhs, giving an EPS of Rs 0.001. Statutory auditor R. Sharma & Associates issued a limited review report with an unmodified opinion, though it drew attention to the going concern basis used by management. Other equity remains deeply negative at Rs (512.04) lakhs, reflecting accumulated losses, and operating cash flow was negative at Rs (0.97) lakhs for the quarter. Most importantly, the company's equity shares were delisted from BSE with effect from 8 May 2024 following a BSE Delisting Committee order, and the matter is sub-judice at the Securities Appellate Tribunal (SAT).
The shares are no longer tradable on BSE due to the delisting order, which has effectively frozen liquidity for retail shareholders — the outcome of the SAT appeal is the single most important event to track. The going concern emphasis, negative other equity, and negative operating cash flow point to a financially fragile, minimal-operations business with no near-term growth drivers.