We hereby submit the Outcome of the Board Meeting held on 30th May 2026, considered the audited financial results for the quarter and year ended 31st March 2026.
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Venlon Enterprises Ltd has submitted its audited financial results for FY 2025-26, reporting a net loss of Rs 337.91 Lakhs compared to a loss of Rs 1,317.97 Lakhs in the previous year. Revenue from operations declined to Rs 794.25 Lakhs from Rs 1,127.73 Lakhs in the prior year, a drop of about 30%. The company has ceased all manufacturing operations, stopped wind-mill operations, and lease agreements were terminated in January 2026 after the lessee permanently closed operations in December 2025. The Board has prepared financial statements on an 'Other than Going Concern' basis due to eroded net worth and current liabilities exceeding current assets. The company plans an orderly disposal of remaining assets including plant, machinery, inventory, investments, and industrial land. Auditors issued an unmodified opinion with an Emphasis of Matter highlighting the going concern issue.
This is a critical negative development for shareholders as the company has ceased all operations and is in liquidation mode. The stock should be treated with extreme caution as there is no operating business, significant negative equity, and the company is disposing of assets rather than generating sustainable profits.