Unaudited Financial for quarter ended 31.03.2025
Awaiting price reaction for this filing.
Birla TransAsia Carpets Ltd reported virtually no business activity for Q4 FY25 and the full year ended 31 March 2025, with zero revenue from operations. The company posted a small loss of Rs. 0.20 lakhs for both the quarter and the full year, marginally better than the Rs. 0.32 lakh loss in FY24. The balance sheet, however, shows serious financial stress: the company has a deeply negative net worth of Rs. (2,701.82) lakhs, driven by Other Equity of Rs. (2,985.33) lakhs, against outstanding borrowings of Rs. 2,407.50 lakhs. The company holds no property, plant & equipment, no inventory, made no new loans, and had no fresh borrowings during the year. The auditor, Joshi Chhadva & Co. LLP, issued an unqualified (clean) opinion, and a preferential allotment of shares was carried out during the year. Several old statutory dues (excise duty, sales tax, TDS, SEBI listing fees, ESI) dating back to 2003-04 remain unpaid.
This is a deeply distressed company — negative net worth of over Rs. 27 crore combined with nearly Rs. 24 crore in borrowings means liabilities far exceed assets, eroding shareholder value substantially. The absence of any operating revenue suggests the business is effectively non-operational, posing significant risk to existing shareholders. The delayed filing (quarter ended March 2025 results submitted to BSE only in September 2025) is an additional governance red flag.