The Board of Directors of the company in the meeting held today have approved the appointment of Kashyap .R. Mehta & Partners, Companies Secretaries, Ahmedabad as Secretarial Auditors of ....
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Suvidha Infraestate Corporation reported a 58.5% revenue decline for FY 2025-26, with revenue falling to Rs. 7.95 lakh from Rs. 19.18 lakh in the previous year. The company posted a net loss of Rs. 7.85 lakh, nearly tripling the loss of Rs. 2.71 lakh in FY 2024-25. Critically, the balance sheet shows negative total equity of Rs. 243.91 lakh, meaning liabilities exceed assets by that amount. Current borrowings stand at Rs. 365.13 lakh against cash reserves of just Rs. 1.55 lakh. Operating cash flow remained negative at Rs. 5.84 lakh. The Board also appointed Kashyap R. Mehta & Partners as Secretarial Auditor to fill a vacancy caused by the resignation of Nishant Pandya & Associates. Statutory auditors issued an unmodified opinion on the financial results.
The company is in financial distress with negative net worth and mounting losses. Shareholders should be cautious as the company has liabilities exceeding assets and very limited cash reserves to meet obligations.