SVH & Assocciates, Chartered Accountant, Mumbai have issued the Limited Review Report with Unmodified opinion on Unaudited Financial Results (Standalone) of the Company, for the quarter ....
Awaiting price reaction for this filing.
Shree Narmada Aluminium Industries reported zero revenue from operations for the quarter ended 31 Dec 2025, posting a net loss of Rs. 6.05 lakhs and an EPS of Rs. (1.16). For the nine months ended Dec 2025, total loss widened to Rs. 22.80 lakhs versus a profit of Rs. 47.92 lakhs in the same period last year (which included a one-time Rs. 61.84 lakh write-back of an old, time-barred payable). Total expenses for Q3 stood at Rs. 6.05 lakhs, mainly employee costs and other overheads. Cash used in operations was Rs. (28.33) lakhs, partly covered by fresh borrowings of Rs. 34.87 lakhs. The auditor issued an unmodified opinion but qualified that the company's net worth is fully eroded and uncertainty exists about its ability to continue as a going concern — a repetitive qualification carried over many years.
With no operating revenue, recurring losses, fully eroded net worth, and an ongoing going-concern qualification from auditors, the company remains in deep financial distress and is essentially dormant. This is a high-risk situation for shareholders with no near-term visibility of recovery.