We here by submit the outcome of the Board Meeting held on 14th August 2025 for approval of the unaudited financial results for the quarter ended 30th June 2025 and for appointment of the ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Venlon Enterprises' Board met on 14th August 2025 and approved unaudited financial results for Q1 FY26 (quarter ended 30th June 2025). Revenue from operations fell to Rs 161.39 lakhs from Rs 237.52 lakhs in the year-ago quarter, while the company reported a net loss of Rs 99.34 lakhs (vs Rs 59.76 lakhs loss in Q1 FY25). The auditor flagged a going concern issue, noting the company's net worth is fully eroded and current liabilities exceed current assets, though management is relying on a shareholder loan (reclassified as Other Equity after a currency swap from USD to INR and repayment extension to April 2030) and restarted trading activity. The Board also appointed Mr. R C Venkatesh Rao as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30), subject to shareholder approval.
Persistent losses, fully eroded net worth, and a going concern emphasis from auditors raise serious solvency concerns for shareholders, though the reclassification of the USD shareholder loan as equity provides some balance sheet relief. The stock remains a high-risk, distressed investment.