This is to inform you that a meeting of the Board of Directors of our Company was held today on May 30, 2026, at the registered office of the Company which approved and took on record the ....
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SDC Techmedia Ltd reported a significant turnaround from profit to loss for FY 2025-26. Revenue declined 13.6% to Rs. 944.19 Lakhs from Rs. 1,093.39 Lakhs in the prior year. The company posted a net loss of Rs. 211.59 Lakhs compared to a profit of Rs. 34.84 Lakhs in FY 2024-25. The statutory auditor (Ray & Ray) issued a qualified opinion due to unconfirmed trade receivables of Rs. 657.05 Lakhs out of total receivables of Rs. 765.85 Lakhs; the auditor could not confirm adequacy of the Rs. 101.01 Lakhs provision made for doubtful debts. The company recognized Deferred Tax Asset based on management's expectation of future profits despite accumulated losses. Cash position deteriorated significantly with cash equivalents falling from Rs. 100.29 Lakhs to Rs. 15.79 Lakhs. Net worth collapsed from Rs. 218.71 Lakhs to just Rs. 7.12 Lakhs. Balance confirmations for certain advances, creditors, and debtors remain pending.
The qualified opinion raises concerns about receivables quality and financial reporting reliability. The company's thin net worth of Rs. 7.12 Lakhs against total assets of Rs. 2,457.57 Lakhs indicates severe financial stress. The revenue decline and shift to loss, combined with weak cash generation, may flag going concern risks to investors.