1. AUDITED FINANCIAL RESULTS The Board of Director have considered and approved the Audited Financial Results along with Audited Report thereon for quarter and financial year ended on ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board approved audited standalone results for Q4 and FY ending March 31, 2025. The company reported a full-year loss of Rs 24.05 lakhs versus a loss of Rs 352.24 lakhs in FY24 (note: Q4 alone booked a massive loss of Rs 2,607.97 lakhs or ~Rs 26.08 crores, driven by a Rs 2,243 lakh reversal of revenue from operations and Rs 421.36 lakhs of exceptional items). Total income for FY25 was just Rs 2.03 lakhs, down from Rs 3.41 lakhs in FY24, and the company made no sales during the year. Net worth is negative at Rs (625.22) lakhs, and non-current borrowings jumped sharply from Rs 560.85 lakhs to Rs 1,754.08 lakhs, including Rs 16 crore owed to Dhenu Buildcon Infra Ltd. The company itself acknowledged in its notes that there are doubts about realization of debtors/loans and that it may not be able to meet its liabilities. The statutory auditors resigned during the year, and the auditor flagged that the financial statements do not comply with Ind AS. Multiple tax disputes with the Income Tax department are pending with aggregate demands running into crores.
This is a high-risk filing. Negative net worth, going-concern doubts acknowledged by management, auditor resignation, a single-quarter loss exceeding the company's entire equity base, and rising unsecured borrowings all point to serious financial distress. Retail shareholders should treat this stock with extreme caution and expect continued price pressure.