We hereby submit the Audited Financial Results of the Company for the quarter and year ended 31st March 2026
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Venlon Enterprises Ltd has filed audited financial results for FY26 ending March 31, 2026. The company reported total revenue of Rs 829.01 lakh (down from Rs 1,195.75 lakh in FY25, a ~30.7% decline). The net loss for the year stands at Rs 337.91 lakh, significantly improved from Rs 1,317.97 lakh loss in the previous year. Critically, the financial statements have been prepared on an 'Other than Going Concern' basis because the company has ceased operations — manufacturing was stopped earlier, the wind-mill operations were shut down in FY23, and in December 2025, the lessee/job worker permanently closed operations with lease agreements terminated from January 2026. The auditor from Laxminiwas & Co. issued an unmodified opinion but included an Emphasis of Matter paragraph drawing attention to the going concern basis. Management has initiated a structured plan for orderly disposal of remaining assets including inventory, investments, plant, machinery, and industrial land. Net worth is substantially eroded at negative Rs 2,230.73 lakh, and current liabilities exceed current assets.
This is a highly concerning filing — the company has effectively ceased all operations and is in liquidation mode. The 'Other than Going Concern' basis and negative equity signal extreme financial distress. Shareholders face significant risk as assets are being liquidated to repay creditors, with uncertain recovery.