Approval of Audited Standalone Financial Results for Quarter and year ended 31st March 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sueryaa Knitwear Limited reported zero revenue from operations for FY2026 (Rs. 0 Lakhs) compared to Rs. 24.26 Lakhs in FY2025, representing a complete revenue collapse. Despite drastically reduced expenses (Rs. 9.80 Lakhs vs Rs. 59.87 Lakhs), the company still posted a net loss of Rs. 6.90 Lakhs, though improved from the previous year's loss of Rs. 16.46 Lakhs. The Balance Sheet shows negative other equity of Rs. 68.53 Lakhs and total equity of Rs. 191.25 Lakhs. The company has minimal fixed assets (Rs. 0.38 Lakhs) but holds significant investments (Rs. 125.41 Lakhs). The statutory auditor Saraswat & Company issued an unmodified (clean) opinion. Cash flow from operations remained positive at Rs. 2.13 Lakhs.
The company has ceased operations with zero revenue while still posting losses, raising serious concerns about its going concern status despite the auditor not qualifying the report. Shareholders should be cautious as the company appears to be in a distressed state with accumulated losses and negative equity reserves.