Submission of revised Unaudited Financial result for the quarter ended and half yearly ended September 30, 2025 pursuant to Regulation 33(3) of SEBI LODR Regulations, 2015
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Shree Hanuman Sugar & Industries has filed its revised unaudited results for the quarter and half-year ended September 30, 2025, but the company remains deep in insolvency proceedings (CIRP) under the IBC, 2016, with a Resolution Professional currently managing the entity rather than the original board. Revenue from operations was almost negligible at just Rs. 0.69 lakh against total expenses of Rs. 53.24 lakh, dragging the loss before tax to Rs. (52.54) lakh versus Rs. (42.37) lakh in the previous quarter, with EPS at Rs. (0.28). The auditor (BDS & Co.) issued a qualified review opinion specifically flagging that, although the company prepared accounts on a going-concern basis, its admission into CIRP raises serious doubts about the company's ability to continue as a going concern.
This is materially negative for shareholders — the company is operationally non-functional, under insolvency resolution, unable to service normal operations, and the auditor has explicitly questioned its going-concern status. Equity holders face high risk of significant dilution or total loss depending on the resolution plan outcome.