The Board of Directors of the Company at their meeting held on 22nd May 2025 has considered, took note and approved the Audited Financial Results (standalone) for the quarter and financial ....
Awaiting price reaction for this filing.
Golden Carpets Limited has reported audited standalone financial results for the quarter and financial year ended 31st March 2025. The statutory auditors (Sathuluri & Co.) have issued an unmodified opinion on the results. The company has posted a net loss for the full financial year 2024-25, as confirmed by the auditor's report. The balance sheet shows negative shareholders' equity of approximately ₹14.36 lakhs as at 31st March 2025 (versus negative ₹5.06 lakhs in the previous year), indicating that the company's accumulated losses have eroded its net worth below zero. Long-term borrowings stand at ₹465.92 lakhs, while reserves and surplus are deeply negative at around ₹858.47 lakhs. Total assets are roughly ₹517.54 lakhs against total liabilities exceeding that figure, leaving shareholders underwater. Revenue from operations appears small in scale (around ₹20–23 lakhs quarterly range based on disclosed figures).
Shareholders are in a precarious position — book value is negative, meaning liabilities exceed assets, and the company is loss-making for the year. This is a serious red flag for solvency and long-term viability, even though the auditor's opinion itself remains unmodified. The stock is likely to see negative sentiment; investors should treat this as a high-risk situation pending any restructuring, capital infusion, or business turnaround.