Take Solutions Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
TAKE · price
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TAKE Solutions Limited submitted its unaudited standalone and consolidated financial results for the quarter ended June 30, 2025, along with a Limited Review Report from statutory auditors. The auditors issued a 'Qualified Conclusion' (modified opinion) on both sets of results, flagging a 'material uncertainty' on the company's ability to continue as a going concern. Key concerns include unrecoverable tax assets of ₹150 million, contingent tax liabilities of ₹150 million from pending litigations, and significant unpaid statutory dues. The Group carried out no operations during the current or previous financial year, and the previous year saw a huge loss after tax of ₹150 million, partly due to divestment of subsidiary Ecron Acunova Limited. The company is exploring diversification into other verticals and plans to solicit mutually rewarding business partnerships/mergers. There is no Managing Director, CEO, or Whole Time Director currently, as the executive director resigned in December 2024.
This is a deeply negative filing for shareholders. The qualified auditor opinion combined with an explicit going concern doubt signals serious financial distress. With the group effectively non-operational, pending tax litigations, and no permanent executive leadership in place, the stock carries significant risk and is likely to face continued downward pressure.