ENCLOSED HEREWITH BOARD MEETING OUTCOME DATED 10/05/2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Suncity Synthetics Ltd held a board meeting on 10/05/2025 and approved its audited financial results for Q4 and FY ended March 31, 2025. The company reported FY25 total revenue of Rs. 118.08 lakhs (down sharply from Rs. 216.32 lakhs in FY24) and a net loss of Rs. 12.86 lakhs versus a profit of Rs. 56.44 lakhs in the previous year. Q4 FY25 revenue was Rs. 19.93 lakhs with a profit of Rs. 11.09 lakhs. Total assets nearly halved to Rs. 209.01 lakhs and other equity turned negative at Rs. -542.86 lakhs. The board also appointed M/s Amarendra Mohapatra & Associates as Secretarial Auditor for 5 years (FY26-FY30) and Mrs. Aakansha Vaid as Internal Auditor for FY26. The statutory auditor issued an unmodified opinion but flagged material uncertainty regarding the company's ability to meet liabilities.
Weak financials with a swing to loss, shrinking revenue, and negative shareholders' equity suggest operational stress and possible going-concern concerns. The new auditor appointments are routine compliance matters and are unlikely to move the stock on their own.