Outcome of Board Meeting
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The Board of Directors of Tulasee Bio-Ethanol Ltd approved the unaudited financial results for the quarter ended 30 June 2025, along with a Limited Review Report from statutory auditor A. C. Jhaveri & Associates, which is clean (unqualified). The company reported zero revenue from operations and zero total income for the quarter, continuing its non-operational status. It posted a net loss of ₹7.20 lakhs for Q1 FY26, wider than the ₹3.93 lakh loss in the preceding quarter, against total expenses of ₹7.20 lakhs. For full-year FY25, the loss stood at ₹12.96 lakhs versus ₹13.41 lakhs in FY24. The balance sheet shows accumulated losses of ₹521.15 lakhs resulting in negative other equity, while total equity is just ₹62.60 lakhs against non-current borrowings of ₹746.01 lakhs. Net cash used in operating activities was a negative ₹2,555.
This appears to be a dormant/non-operational company with no business income, mounting losses, a highly leveraged balance sheet (debt far exceeding equity), and negative operating cash flows. For shareholders, this raises serious concerns about the company's viability, though the auditor's report is unqualified and no formal going-concern flag has been raised.