We are enclosing herewith Un-Audited Financial statement of the company for the quarter ended 31st December, 2024 with declaration of the company alongiwth Limited Review Report issued ....
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Samtel India reported total income of Rs. 3.45 lakhs in Q3 FY25 (Oct-Dec 2024), down sharply from Rs. 10.35 lakhs in the same quarter last year, with zero revenue from core operations. The company posted a net loss of Rs. 3.26 lakhs in Q3 FY25 versus a small profit of Rs. 0.56 lakhs a year ago, taking the nine-month loss to Rs. 8.22 lakhs. The balance sheet shows negative other equity of Rs. 520.68 lakhs, indicating accumulated losses far exceeding share capital. The statutory auditor (R. Sharma & Associates) issued an unmodified (clean) review opinion but highlighted two emphasis-of-matter items: preparation of accounts on a going concern basis and the delisting of the company's shares from BSE effective May 8, 2024, which is currently under appeal at the Securities Appellate Tribunal (SAT).
Extremely negative for shareholders — the company is loss-making with eroded net worth and minimal business activity, and its shares have already been delisted from BSE with the matter sub-judice at SAT, meaning liquidity and fair price discovery are severely impaired. The going concern emphasis from the auditor signals material uncertainty about the company's ability to continue operations.