The Board of Directors of the Company at their meeting held on Thursday, the 22nd day of May 2025, the Board of Directors have noted inter-alia Considered and approved the Audited Financial ....
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Golden Carpets Ltd's board, meeting on 22 May 2025, approved its audited standalone financial results for the quarter and full year ended 31 March 2025, along with the balance sheet, cash flow statement and auditor's report. Revenue from operations for the year stands at around Rs 22.93 lakh. The company reported a net loss for FY25, as confirmed by the auditor's report. The balance sheet shows total equity of negative Rs 14.36 lakh, with reserves and surplus deeply in the red at negative Rs 858.47 lakh, while long-term borrowings stand at Rs 465.92 lakh. The statutory auditors (Sathuluri & Co.) have issued an unmodified (clean) opinion on the results, and the company has separately filed a declaration confirming this.
Shareholders should note that the company is technically in a negative net worth position with substantial accumulated losses, signalling serious balance sheet stress despite the clean auditor's opinion. The persistent losses and weak capital structure are red flags for long-term solvency, though no going concern qualification was raised by the auditor.