Submission of Audited Financial Results for the year ended 31.03.2025 of Dion Global Solutions Limited
Awaiting price reaction for this filing.
Dion Global Solutions Ltd, listed on BSE (Scrip Code: 526927), is under Corporate Insolvency Resolution Process (CIRP) since August 18, 2020, with Resolution Professional Pardeep Kumar Lakhani currently managing the company as the Board of Directors and key officials (CFO, Company Secretary, Executive Directors) had all resigned before CIRP began. The auditor (NGMKS & Associates) issued a Qualified Opinion on the FY25 standalone results, flagging the company's substantial negative net worth of approximately ₹574 crore, accumulated losses, and bank defaults as a going concern issue, along with non-creation of restructuring provisions required under IBC. Revenue from operations declined marginally to ₹1,042.45 lakhs (from ₹1,047.28 lakhs), while loss after tax narrowed to ₹(96.02) lakhs from ₹(120.56) lakhs. The company has large outstanding bank defaults to Axis Bank (₹17,144 lakhs principal) and Yes Bank (₹1,000 lakhs), and statutory auditors resigned during the year.
This is a deeply distressed company under insolvency — shareholders face extreme risk as equity value is virtually wiped out (negative net worth of ₹574+ crore vs share capital of only ₹32 crore). The stock is likely illiquid and may remain suspended; any recovery for equity holders depends entirely on the CIRP resolution plan and whether resolution applicants emerge to revive the company.