Submission of Audited financial Results of the company for the Quarter and year ended March 31, 2026 along with Independent Auditors Report and Statement on Impact of Audit qualification.
Awaiting price reaction for this filing.
Revati Media Ltd (formerly Revati Organics Ltd) reported a net loss of Rs 30.72 lakhs for FY2026, slightly wider than the prior year's loss of Rs 27.80 lakhs. Total income stood at just Rs 0.01 lakh, indicating the company has virtually no operating revenue. The company posted negative other equity of Rs 241.98 lakhs (vs Rs 211.26 lakhs in FY25) and total assets of Rs 254.97 lakhs. The statutory auditor B.L. Dasharda & Associates issued a Qualified Opinion citing that fixed assets worth Rs 52.35 lakhs (taken over by Maharashtra State Financial Corporation in 1998) have not been written off, and the amounts payable to MSFC (Rs 1.03 crore) and SICOM Ltd (Rs 16.24 lakhs) remain unascertainable due to absence of relevant data. The Statement on Impact of Audit Qualifications confirms the qualification is repetitive. Operating cash flow was negative at Rs 18.36 lakhs. Note 6 confirms no provision for current and deferred tax was made due to carry-forward losses.
The qualified audit opinion and mounting losses with negative equity signal significant financial distress. The unresolved fixed asset and loan discrepancy with MSFC/SICOM creates contingent liability uncertainty. The company appears to be a shell with near-zero revenue, raising serious going concern risks for investors.