Submission of documents under regulation 33 of SEBI (LODR) Regulations, 2015, for the quarter and year ended 31.03.2024.
Awaiting price reaction for this filing.
Lords Chemicals Ltd reported FY24 revenue from operations of ₹26.79 lakh, down from ₹30.49 lakh in FY23, with total income falling to ₹48.13 lakh. Net loss narrowed sharply to ₹69.44 lakh (from ₹839.40 lakh in FY23), largely because the ₹718.72 lakh one-time write-off of irrecoverable dues that crushed FY23 was absent this year. The company itself admits its net worth has turned negative and operations have been substantially curtailed for the past three years. Despite management filing a declaration claiming an 'unmodified' auditor opinion, the statutory auditor (Rajesh Jalan & Associates) actually issued a Disclaimer of Opinion, citing unrecoverable advances of around ₹8.5 crore to a related party, trade receivables of ₹11.5 lakh, unpaid statutory dues of ₹1.61 crore (income tax, excise, dividend tax), and non-realisation of ₹5.95 crore in other current assets. The filing was made about 14 months late (results dated 31 March 2024 but signed June 2025), and the company also disclosed receiving a SEBI/BSE delisting notice in May 2025.
Extremely negative for shareholders. The company is loss-making, net-worth negative, facing going-concern doubt, has skipped mandatory audits (internal, secretarial, corporate governance), and is the subject of a proposed delisting notice — making the stock highly risky and illiquid.