Submission of documents under regulation 33 of SEBI (LODR) Regulation, 2015, for the quarter and half year ended 30.09.2024.
Awaiting price reaction for this filing.
Lords Chemicals filed its Q2 and H1 FY25 results (ended 30 Sep 2024) along with a Limited Review Report from Rajesh Jalan & Associates. Revenue from operations for Q2 FY25 was a meagre Rs 7.91 lakhs, with total income of Rs 12.08 lakhs. The company posted a net loss of Rs 6.28 lakhs for the quarter and Rs 13.56 lakhs for the half year, with EPS of Rs -0.05. The auditor issued a qualified opinion, flagging serious issues including going concern doubts, net worth erosion, cash losses, negative operating cash flow of Rs 48.49 lakhs, an unrecovered advance of Rs 85.17 crore to a related party, unpaid statutory dues of around Rs 1.60 crore, and Other Current Assets of Rs 5.93 crore pending realisation. The statutory audits for FY23 and FY24 were completed only in June 2025, well after the reporting period, and the Company Secretary post was vacant until May 2025.
This filing carries major red flags for shareholders — a qualified audit opinion, explicit going concern doubts, sustained losses, negative operating cash flow, and very large unconfirmed balances with a related party. The stock is highly risky and speculative; investors should treat these disclosures as serious warning signs about the company's solvency and the reliability of reported figures.