This is to inform you that the Board of Directors of the Company, in their Meeting held on August 14, 2025, at the registered Office of the Company which commenced at 04:00 P.M. and concluded ....
Awaiting price reaction for this filing.
The Board of Aditya Forge Ltd approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations was NIL for the quarter, compared to ₹315.14 lakh in the same quarter last year — essentially a complete collapse in top-line. The company reported a loss of ₹4.72 lakh before tax, narrower than the ₹161.13 lakh loss in Q1 FY25, but this improvement is only because there were minimal operating expenses on near-zero revenue. For the full FY25, the company had shown a profit of ₹699.34 lakh. The statutory auditor (MAAK & Associates) issued a qualified opinion, flagging that balance confirmations for trade receivables, trade payables, and loans & advances were not provided, making them unable to verify the nature and balances of these transactions. Previous period figures have also been restated/regrouped where necessary for comparability.
Zero operating revenue in a quarter is a serious red flag and raises concerns about business continuity and order book visibility for shareholders. Combined with the auditor's qualified opinion on unverified receivables/payables, the reliability of the reported numbers is questionable, which could weigh negatively on the stock.