Unaudited Financial Results for the quarter ended 30th June, 2025 with Limited Review Report
Awaiting price reaction for this filing.
Longview Tea Company reported Q1 FY26 results showing total income of Rs. 88.16 lakhs, entirely from other income, with zero revenue from trading operations compared to Rs. 101.72 lakhs in Q1 FY25. Net profit stood at Rs. 25.19 lakhs, down sharply from Rs. 58.09 lakhs in the year-ago quarter. Statutory auditor V. Singhi & Associates issued a Disclaimer of Conclusion, stating they could not obtain sufficient evidence because the previous management refused to hand over books, records, and statutory documents. The company is also battling NCLT proceedings under Sections 241/242 of the Companies Act and a show-cause notice under Section 206 from the Registrar of Companies. Additionally, loans exceeding 50% of total assets were given to related parties without confirmations, and a Rs. 21.57 lakh BSE penalty was booked in expenses.
This is a major red flag — the auditor could not verify the numbers, signalling serious governance and reliability issues. NCLT proceedings and the management dispute could materially affect shareholders, and the stock is likely to see significant volatility or selling pressure.