Videocon files Q2 FY25 results under CIRP with auditor disclaimer

Videocon Industries filed Q2 and H1 FY25 results (period ended Sept 2024) while under CIRP since June 2018. Q2 loss was Rs 2,410 crore and H1 loss Rs 4,650 crore, mainly due to Rs 2,320 crore finance costs in Q2. Auditor GAMP and Co issued a Disclaimer of Conclusion citing missing pre-CIRP records, no fixed asset register, and material uncertainty on going concern. Borrowings of Rs 65,387 crore against negative equity of Rs 38,768 crore.