Unaudited results for Quarter ended June 2025
Awaiting price reaction for this filing.
Foundry Fuel Products Ltd reported zero revenue from operations for Q1 FY26, as the company has no business activities and is searching for a new business project. The company posted a net loss of Rs. 4.04 lakhs for the quarter, marginally wider than the Rs. 3.95 lakh loss in Q1 FY25, driven entirely by administrative expenses (Rs. 3.77 lakhs) and employee costs (Rs. 0.27 lakhs). Other equity stands at a deeply negative Rs. (926.22) lakhs against paid-up equity capital of Rs. 801.94 lakhs, and basic/diluted EPS was Rs. (0.05). The auditor issued a Limited Review Report with an explicit 'Material Uncertainty Related to Going Concern' paragraph and an Emphasis of Matter, flagging that current liabilities exceed current assets, net worth is negative, and fixed assets are fully depreciated. The company's holding company has committed to fund any shortfalls. The board also approved the AGM for September 24, 2025 and the re-appointment of M/s Bohra & Co. as statutory auditors for a second 5-year term.
This is effectively a dormant company with no operating revenue, deeply negative net worth, and an auditor-flagged going concern uncertainty. The stock carries significant fundamental risk — its survival and any future revival depend on the holding company continuing to provide financial support and the board finding a new business project. Shareholders should view this as a high-risk situation with no current earnings or operational visibility.