The Audited Financial Results (Standalone & Consolidated basis) of the Company for the quarter and year ended 31" March, 2025 along with the Audit Report thereon.
Awaiting price reaction for this filing.
The company is under liquidation under the IBC since January 2022 and was sold as a going concern in October 2024 (Sale Certificate dated 3 Oct 2024), though the final closure order from NCLT is still awaited. The Liquidator approved the audited standalone and consolidated results for FY25 along with an unmodified audit opinion from M/s. Tolia & Associates. Standalone revenue from operations fell to Rs 265.34 lakhs from Rs 402.26 lakhs in FY24, though total income rose to Rs 1,040.96 lakhs on higher other income (Rs 775.62 lakhs), and the company swung to a standalone profit of Rs 292.84 lakhs from a loss of Rs 644.47 lakhs. Consolidated net profit was Rs 219.87 lakhs versus a loss of Rs 638.57 lakhs, with revenue from operations dipping to Rs 629.37 lakhs. Borrowings have collapsed from about Rs 59,874 lakhs to virtually zero, and other equity improved sharply as earlier exceptional items were reclassified to capital reserve.
The Board remains suspended with the Liquidator running the company, so these results have limited operational meaning for ordinary shareholders. The dramatic reduction in borrowings and the going-concern sale are positive structural steps, but equity is still deeply negative and the NCLT closure order is pending, which keeps the stock's future uncertain until liquidation is formally concluded.