Pursuant to Regulation 33 of SEBI (LODR) Regulation, 2015 integrated filling (Financial) is applicable for the quarter and year ended 31st march, 2025. the filling include Audited Financial ....
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Shree Hanuman Sugar & Industries has submitted its audited financial results for Q4 and FY25. The company has been under Corporate Insolvency Resolution Process (CIRP) since September 27, 2024, with a Resolution Professional now in charge. The sugar factory has been inoperative since FY2012-13 due to technical issues and cost-realization gaps. Total income was just Rs. 0.45 lakhs (essentially nil operations), and the company posted a net loss of Rs. 26.02 lakhs for Q4 FY25 and Rs. 42.37 lakhs for the full year. The auditor issued a qualified opinion citing multiple issues including non-compliance with TDS provisions up to March 2022, no depreciation provided since 2014, non-compliance with Ind AS 19 on employee benefits, and unreconciled balances. The auditor explicitly stated that financial statements should be prepared on a 'Non-Going Concern Basis' as the company has ceased operations for over a decade.
This is a deeply negative filing for shareholders — the company is operationally defunct, under insolvency proceedings, and the auditor has flagged going concern doubts. With nil revenue, mounting losses, and CIRP underway, equity holders face a high risk of significant or total loss of value.