Tulsi Extrusions Limited has informed the Exchange about reasons for Delayed/Non-submission of Financial Results
Awaiting price reaction for this filing.
Tulsi Extrusions filed its audited Q4 and FY25 results about two months late (due May 30, filed Aug 7), blaming the delay on its ongoing NCLT-driven revival: the company emerged from a CIRP/liquidation process (Dec 2018–Dec 2021), was revived as a going concern via an NCLT order dated May 1, 2023, and is still awaiting NCLT clearance for listing of fresh shares and extinguishment of old ones (next hearing Aug 26, 2025). Revenue from operations fell sharply to ₹3,780.86 lakhs in FY25 from ₹5,518.50 lakhs in FY24 (~31% decline). The company reported a wider loss of ₹780.84 lakhs (vs ₹345.74 lakhs loss last year), with EPS at ₹(3.73). Borrowings surged from just ₹25.80 lakhs to ₹2,889.41 lakhs, depreciation jumped to ₹804.74 lakhs, and operating cash flow stayed deeply negative at ₹(2,978.79) lakhs. The statutory auditor (KRA & Co.) gave an unmodified opinion but flagged an Emphasis of Matter about a prior period depreciation error of ₹3.11 crores on PPE, corrected through opening retained earnings without restating comparatives.
Shareholders should note that this is a recently revived company with declining revenue, widening losses, mounting debt, and negative operating cash flow, all while its share-listing status on NSE/BSE remains unsettled pending NCLT orders — meaning liquidity and pricing of the stock could remain irregular. The delayed filing and prior-period error are governance red flags, though the auditor's opinion itself remains clean.