The Board of Directors of Bheema Cements Limited , have at their meeting held on Friday, the 30th day of May, 2025, interalia considered and approved, along with other business items, the ....
Awaiting price reaction for this filing.
The Board of Bheema Cements Limited approved the audited financial results for Q4 and FY ended 31st March 2025, which came with a qualified opinion from the statutory auditor. The company reported zero revenue from operations for the entire year, with total income of just Rs. 6.52 lakhs (down slightly from Rs. 3.81 lakhs in FY24), and posted a net loss of Rs. 30.10 crores for FY25. Other equity has turned deeply negative at Rs. 19.72 crores, while total borrowings stand at around Rs. 200 crores. The auditor flagged serious going concern issues: the company has defaulted on payments to Union Bank of India and JM Financial Asset Reconstruction, triggering liquidation petitions, and has breached a revised repayment schedule. SEBI has also suspended trading in the stock due to non-payment of annual listing fees.
This is a deeply concerning filing for shareholders. The auditor has issued a qualified opinion and explicitly flagged a material uncertainty about the company's ability to continue as a going concern, with active liquidation petitions against the company. The negative net worth, zero operating revenue, and trading suspension make this a high-risk situation where shareholders could face significant loss or even total wipeout if liquidation proceedings are revived.