Shree Ram Proteins Limited has informed the Exchange regarding Board meeting held on August 11, 2025.
Awaiting price reaction for this filing.
Shree Ram Proteins reported its Q1 FY26 (quarter ended June 30, 2025) results, showing total income of just Rs. 1.37 lakhs, a sharp drop from Rs. 255.40 lakhs in the same quarter last year. The company posted a net loss of Rs. 181.94 lakhs versus a Rs. 50.21 lakh loss a year ago, with losses per share widening to Rs. 0.08 from Rs. 0.02. The statutory auditor flagged a 'material uncertainty related to going concern' and issued an adverse opinion, noting the company has defaulted on its One-Time Settlement (OTS) with Union Bank of India — missing Rs. 376.25 lakhs and Rs. 1,856.25 lakhs installments. The auditor also highlighted that the company has not carried out inventory inspections, fixed asset verification, balance confirmations, or impairment assessments. Management admitted to working capital shortages, default on bank loan covenants, and unpaid statutory dues.
This is a deeply negative filing for shareholders — collapsing revenues, widening losses, loan defaults, and an auditor's going-concern warning signal serious survival risk for the company. Expect heightened stock price volatility and elevated default/insolvency risk; existing shareholders face significant uncertainty about recovery of value.