We are enclosing herewith (Pursuant to Regulation 33(2) & 33(3) of SEBI (Listing Obligation & Disclosure Requirements) Regulations 2015, a copy of the Audited Standalone Financial Results ....
Awaiting price reaction for this filing.
Diamant Infrastructure filed its audited results for the quarter and full year ended March 31, 2025. Revenue from operations is essentially nil, with only Rs. 18.31 lakhs of other income in FY25, down from Rs. 19.99 lakhs in FY24. The company swung to a net loss of Rs. 21.84 lakhs in FY25, compared to a profit of Rs. 9.09 lakhs in FY24, translating to a loss per share of Rs. 0.062. Total assets stood at Rs. 2,230 lakhs, but total borrowings of about Rs. 1,114 lakhs are roughly equal to shareholders' equity of Rs. 1,099 lakhs. The auditor flagged a material uncertainty about the company's ability to continue as a going concern, noting there is no major business activity and no employees, and that the bank has taken possession of the company's premises over a loan classified as NPA. Despite these concerns, the auditor issued an unmodified opinion.
This is a serious red flag for shareholders. The company appears to have no operating business, has defaulted on bank loans leading to loss of its premises, and the auditor itself has raised doubts about its ability to continue as a going concern. Expect high risk and likely negative price action; the stock is effectively a shell with no revenue-generating operations.