Value Industries Q2 FY25 results filed late; auditor disclaims conclusion

Value Industries, under CIRP since Sept 2018 with trading suspended since June 2021, filed delayed unaudited Q2 and H1 FY25 results. Total income was just 0.77 crore rupees in Q2; H1 FY25 net loss was 1,382.76 crore rupees. Net worth is deeply negative at negative 18,208.18 crore rupees with borrowings of 25,719.72 crore rupees. Auditor GAMP and Co issued a disclaimer of conclusion due to missing records and unresolved matters, and flagged material going concern uncertainty. Previous auditor resigned and a new auditor was appointed during the financial year.