To consider and aprrove 1. The Audited Financial Results for the quarter and year ended on 31st March, 2025; 2. The Auditor's Report on Audited Financial Results for the year ended ....
Awaiting price reaction for this filing.
The board of Oasis Tradelink Ltd approved audited standalone financial results for Q4 FY25 and full-year FY25 on May 30, 2025. The company reported zero revenue from operations and zero other income for both periods. Net loss for FY25 widened sharply to ₹1,228.10 lakhs from just ₹1.30 lakhs in FY24, driven mainly by other expenses of ₹1,228.10 lakhs. Q4 FY25 alone posted a loss of ₹1,225.84 lakhs versus ₹1.20 lakhs in Q4 FY24, with basic EPS of ₹(11.27). The balance sheet shows accumulated reserves turned deeply negative at ₹(1,108.01) lakhs, wiping out the entire equity share capital of ₹1,087.46 lakhs and leaving total equity in the negative at ₹(20.55) lakhs. Net cash flow from operating activities was negative at ₹(2.69) lakhs. The statutory auditor issued an unmodified opinion but included an Emphasis of Matter paragraph flagging write-offs of ₹11.27 crores in trade receivables as bad debts and a ₹60.81 lakh GST receivable that was written off because the company's GST registration had been suspended.
This is a deeply concerning filing for shareholders — the company has no operating revenue, has swung from a marginal loss to a ₹12.28 crore loss, and its reserves have now wiped out share capital, leaving negative net worth. The heavy bad-debt write-offs and suspended GST registration indicate serious historical financial mismanagement, raising serious questions about the company's viability as a going concern even though the auditor did not flag it as such.