Submission of Newspaper cutting of financial results quarter and year ending march 31, 2025.
Awaiting price reaction for this filing.
RCI Industries & Technologies Ltd has published its unaudited consolidated financial results for the quarter and full year ended March 31, 2025 in the Financial Express and Jansatta newspapers, as required by SEBI listing rules. For Q4 FY25, revenue from operations was just Rs. 15.04 lakhs, down sharply from Rs. 46.95 lakhs in the previous quarter, and the company posted a net loss of Rs. 204.88 lakhs. For the full year FY25, total income fell to Rs. 117.72 lakhs from Rs. 311.77 lakhs in FY24, while the net loss narrowed to Rs. 644.04 lakhs from Rs. 922.01 lakhs the previous year. The results are signed by the Resolution Professional as the company remains under the Corporate Insolvency Resolution Process (CIRP) since November 2022, with its net worth fully eroded. The Resolution Plan has been approved by the Committee of Creditors and is awaiting final approval from the NCLT, whose order was reserved after hearings on July 31, 2025.
Existing shareholders face very high risk as the company is under insolvency and its net worth is fully eroded, meaning equity could be significantly diluted or wiped out depending on the NCLT-approved resolution plan. While losses are shrinking year-on-year, operations are at minimal levels and revival hinges entirely on the outcome of the insolvency process.