With reference to the captioned subject and pursuant to Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, we would like to inform that ....
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Transglobe Foods' board met on 15 May 2025 and approved its audited standalone financial results for the quarter and year ended 31 March 2025, along with the appointment of a new Internal Auditor and a Secretarial Auditor for 5 years. For FY25, the company reported total revenue of Rs. 18.20 lakhs and a net loss of Rs. 3.19 lakhs, an improvement over the previous year's loss of Rs. 29.24 lakhs. However, accumulated losses stand at Rs. 79.87 lakhs and net worth is negative at Rs. (37.74) lakhs, with total borrowings rising sharply to Rs. 86.77 lakhs (from Rs. 47.53 lakhs). The statutory auditor issued an unmodified opinion but drew specific attention to a material uncertainty about the company's ability to continue as a going concern, citing the negative net worth and persistent losses, mitigated by lender support assurances and a promoter comfort letter.
Despite the clean audit opinion, the going concern warning and negative net worth are red flags for shareholders — the company is technically insolvent on a book-value basis and depends on promoter/lender support to stay afloat. The stock is high-risk and this disclosure could weigh on investor sentiment.