Un-Audited Financial Results 31/12/2025
Awaiting price reaction for this filing.
Advance Syntex Ltd filed its unaudited financial results for Q3 and nine months ended December 31, 2025. The independent auditor VRAJM & Associates issued an Adverse Opinion, stating that the company's going concern assumption is no longer sustainable because business operations are shut down. The company has defaulted on bank loans and been classified as a Non-Performing Asset (NPA); the entire fixed assets block is now zero after lenders (Axis Bank) sold all assets under the SARFAESI Act. Revenue from operations was nil across all reported periods. The company posted a net loss of Rs 2.22 lakh in Q3 FY26 and Rs 58.93 lakh for the nine-month period, with massive exceptional items including Rs 2,181.50 lakh in stock write-off and loan balance write-off impacting the full-year loss of Rs 1,841.56 lakh. The auditor also raised an Emphasis of Matter on negative net worth, severe liquidity crunch, unreconciled trade receivables, and unpaid dividend of Rs 20,265 not yet transferred to IEPF.
This is a deeply negative filing. With operations shut, lender-driven asset sale, NPA-status loans, an adverse audit opinion, and failed going concern — shareholders face near-term risk of regulatory action, potential delisting, and further erosion in any remaining value. Avoid or exit exposure.