Submission of documents under regulation 33 of SEBI (LODR) Regulation, 2015 for the quarter and year ended 31st March, 2025.
Awaiting price reaction for this filing.
Lords Chemicals Ltd reported FY25 total income of ₹83.65 lakhs, up sharply from ₹48.13 lakhs in FY24, but still posted a net loss of ₹24.37 lakhs (improved from ₹69.44 lakhs loss in FY24). Q4 FY25 revenue jumped to ₹70.23 lakhs from just ₹9.16 lakhs in Q4 FY24, with loss narrowing to ₹5.61 lakhs. The improvement was helped by an exceptional item of ₹25.46 lakhs (liability and irrecoverable dues written off). However, the auditor (M/s Rajesh Jalan & Associates) issued a Qualified Opinion, noting issues like unconfirmed trade receivables, unrecovered advances to a related party of ₹85.23 lakhs, unrecovered other current assets of ₹5.77 crores, and statutory dues of ₹1.6 crores outstanding. The auditor flagged material uncertainty on the company's ability to continue as a going concern, given the company has been curtailing operations for 4 years and has eroded net worth.
Despite improved headline numbers, serious red flags remain for shareholders — auditor gave a qualified opinion while management declared an 'unmodified' opinion (contradictory), BSE has issued a delisting notice, trading has been halted since 2013, AGMs were not held for 2 years, and board composition is non-compliant. Stock remains highly risky with potential delisting and going concern doubts.