June 2025 results get qualified review over debts and solvency risk
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The court-appointed insolvency professional recorded the company's unaudited June 2025 results with a qualified auditor's conclusion. Bank interest of Rs 8,360.27 lakh for the quarter and Rs 183,389.90 lakh to date was not provided. Related-party loan interest of Rs 10.92 lakh and cane interest of Rs 12,163.25 lakh were also unprovided. Liabilities exceed assets, defaults have occurred and net worth is fully eroded, creating solvency risk.
The qualified review signals understated losses and liabilities and high insolvency risk, which can weigh on the stock.