Submission of Revised Results for the Quarter and Year ended 31.03.2025.
Awaiting price reaction for this filing.
Ramasigns Industries submitted revised audited results for FY25. Revenue from operations fell marginally to ₹1,033.48 lakhs from ₹1,048.64 lakhs in FY24. The company reported a net loss of ₹375.84 lakhs for FY25, narrower than the ₹616.81 lakhs loss in FY24, with EPS at negative ₹1.32. Other equity turned deeply negative at ₹(547.37) lakhs, and the balance sheet shows long-term borrowings of ₹634.91 lakhs against a net worth of ~₹880 lakhs. Statutory dues (Income Tax, GST, PF, ESIC) totalling over ₹1 crore remained unpaid, and ₹2.59 crore of debenture proceeds were outstanding. The auditor (R Mehta & Associates) issued a Qualified Opinion flagging inability to confirm debtor/creditor balances, a Bhiwandi godown inventory sealed by a government department, missing fixed asset records, and a modified qualified opinion on internal financial controls. The company also appointed a new secretarial auditor (Pooja Gandhi & Co) replacing the previous one.
Negative for shareholders: qualified audit opinion, persistent losses, negative reserves, weak internal controls, and unpaid statutory dues raise serious concerns about financial health and governance. The sealed Bhiwandi inventory and unresolved debenture repayments could lead to further write-downs or legal issues, putting pressure on the stock price.