Audited Financial statment for the Quarter and the financial year ended 31st March, 2025
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Tulasee Bio Ethanol Ltd submitted its audited financial results for FY25 along with Q4 standalone numbers. The company reported zero revenue from operations and zero other income for the full year, with total expenses of only ₹12.96 lakhs (down marginally from ₹13.42 lakhs in FY24), resulting in a net loss of ₹12.96 lakhs versus ₹13.42 lakhs in the previous year. Loss per share stood at ₹(0.22) compared to ₹(0.23) earlier. The company has no borrowings from banks or financial institutions, but cash and equivalents declined to ₹72,107 from ₹1,04,733. Statutory auditor A.C. Jhaveri & Associates issued an unmodified (clean) opinion, and the company confirmed it is exempt from related-party transaction disclosures under SEBI LODR rules given its small paid-up capital and net worth.
The company continues to be a loss-making, zero-revenue entity with negligible business activity, which is a significant concern for shareholders. While the slightly reduced loss and clean audit opinion offer minimal comfort, the absence of any operating revenue, declining cash balance, and continuous losses raise questions about future viability despite no formal going-concern flag from the auditor.