The Board at its meeting held today i.e. 30th May 2025 have considered and approved Audited Financial Results for the quarter and year ended 31st March 2025
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The Board of Standard Shoe Sole and Mould (India) Ltd approved its audited standalone financial results for Q4 and FY ended 31st March 2025. The company reported a net loss of Rs. 18.56 lakhs for FY25, an improvement from the Rs. 65.88 lakhs loss in FY24. Revenue from operations remains essentially nil, with total expenses of Rs. 18.56 lakhs (employee costs Rs. 5.96 lakhs, other expenses Rs. 12.60 lakhs). The company's equity is deeply negative at Rs. (79.37) lakhs, as accumulated losses of Rs. 597.17 lakhs exceed the paid-up share capital of Rs. 518.15 lakhs. Operating cash flow was negative at Rs. (16.07) lakhs, and borrowings (from directors) rose to Rs. 38.24 lakhs. Statutory auditor S. Daga & Co. issued an unmodified opinion on the results.
The company shows worrying signs — no operational revenue, persistent losses, negative net worth, and reliance on director loans for cash flow. While the auditor gave a clean opinion, shareholders should be cautious as the company appears to be non-operational and sustained only by related-party funding.