Unauditeed financial results of the company for the quarter ended on 30.06.25
SANWARIA · price
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Sanwaria Consumer Limited has filed its unaudited IndAS standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025). The company continues to operate under the Corporate Insolvency Resolution Process (CIRP) since May 29, 2020, with its Board of Directors suspended and a Resolution Professional (Mr. Gautam Mittal) managing affairs. The Committee of Creditors (CoC) has already rejected all resolution plans and applied to NCLT for liquidation of the company. The results show a net loss before tax of approximately Rs. 76 lakhs (standalone) and Rs. 1.11 crore (consolidated). The auditor's limited review report flags several concerns including the use of cash-basis accounting (against company policy), unprovided expenses of over Rs. 2.44 crore, bank balances subject to management confirmation, no impairment assessment of tangible assets worth Rs. 57.51 crore, and non-recognition of post-CIRP interest on borrowings.
This filing reinforces that the company remains in severe financial distress and is now actively heading toward liquidation. Shareholders should note that equity value is highly unlikely to be recovered as creditors take priority in liquidation, and the stock carries extreme risk. The unqualified expenses and incomplete accounting treatment further cloud the true financial picture.