Shri Krishna Prasadam Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
Awaiting price reaction for this filing.
The board, meeting on August 8, 2025, approved the audited financial results for FY25. The auditor (AKPS & Co) issued an unmodified opinion but flagged several key issues: the company was admitted into Corporate Insolvency Resolution Process (CIRP) by the NCLT in March 2022, and an Interim Resolution Professional was appointed. The company reported a loss of approximately ₹12.75 lakh for FY25 (vs. ₹1.36 lakh loss in FY24), with total income of just ₹0.02 lakh. Cash losses were incurred in both the current and previous years, and the new management wrote off certain inventory, receivables, and other balances as no longer recoverable. The company has no internal audit system, declared no dividend, and has unsecured loans to its Managing Director (Shubham Agarwal, ₹50,000) and to R K Fintrade Pvt Ltd (₹5,97,200).
The company remains under insolvency resolution, is loss-making, and has a near-zero revenue base — serious red flags for shareholders. The clean auditor's opinion with emphasis-of-matter notes means the financials are technically reliable, but the underlying business is effectively non-operational, and any recovery of shareholder value depends on the outcome of the CIRP process.