Un-Audited Financial Results for the quarter ended 30/09/2025
Awaiting price reaction for this filing.
Advance Syntex Limited, a small glitter/film maker listed on BSE (Scrip 539982), reported negligible quarterly revenue of about Rs. 13.33 lakhs against expenses of Rs. 71.49 lakhs, resulting in a net loss of Rs. 56.70 lakhs for Q2 FY26. The half-yearly net loss stood at Rs. 59.10 lakhs, and basic EPS was negative Rs. 0.51. The company's fixed assets block is now zero after Axis Bank sold all its plant, machinery and stock under the SARFAESI Act, the business is effectively closed, and the company is classified as a Non-Performing Asset (NPA) by its lenders. The auditor, VRAJM & Associates, issued an Adverse Opinion stating the company cannot be treated as a going concern and that several accounting standards have not been followed. Net worth is deeply negative at Rs. (1,298.68) lakhs against borrowings of around Rs. 2,400 lakhs.
This is an extremely distressed filing: the auditor has flagged going-concern doubts, given an adverse opinion, and emphasised that business operations are closed. For shareholders, the stock is highly risky — the company has negative net worth, zero fixed assets, and its lenders have already taken possession of its assets. Expect continued price weakness and the possibility of further corporate actions.