This is reference to our earlier submission dated May 28, 2025 regarding the Outcome of Board Meeting of the Company held on May 28, 2025, wherein Audited Financial Results along with the ....
Awaiting price reaction for this filing.
Revati Media Ltd submitted a delayed Statement of Impact of Audit Qualifications for FY25 after an inadvertent oversight. The statutory auditor issued a qualified opinion, flagging that fixed assets worth Rs. 52.36 lakh have not been written off, along with secured loans of Rs. 1.04 crore from Maharashtra State Financial Corporation and Rs. 16.24 lakh from SICOM Ltd, as the amounts are not ascertainable. This is a repetitive qualification. The company's audited financials show zero total income, a net loss of Rs. 27.81 lakh, negative EPS of Rs. 0.93, total assets of Rs. 267.60 lakh, and net worth of Rs. 88.74 lakh. Both management and auditor agree the impact of the qualification cannot be quantified due to lack of data from the financial institutions.
The qualified opinion highlights unresolved legacy loan issues with state financial institutions and weak operational performance (zero revenue, losses), which are red flags for shareholders. Investors should note the repetitive nature of the qualification and the company's continued inability to settle or quantify these old liabilities.