The Board of Directors of Clenon Enterprises Limited, have at their meeting held on Wednesday, the 13th day of August, 2025, interalia considered and approved, along with other business ....
Awaiting price reaction for this filing.
The Board of Clenon Enterprises Ltd (formerly G.R. Cables Ltd) met on August 13, 2025 and approved the standalone unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Total income for the quarter stood at ₹90.10 lakhs, while the company posted a net loss of ₹61.38 lakhs, with basic and diluted EPS of -₹0.71. Statutory auditor Gorantla & Co issued an unqualified limited review report. Other equity has turned negative at -₹130.50 lakhs against a paid-up equity share capital of ₹861.53 lakhs, indicating accumulated losses have wiped out reserves. The company has now reported losses across the last several quarters, including a Q4 FY25 loss of ₹86.81 lakhs.
Sustained quarterly losses and negative other equity point to financial weakness and potential going-concern concerns for shareholders, though the auditor's review report does not flag any qualifications. Retail investors should weigh the weak earnings track record before taking exposure.