We are submitting the Integrated Financial Results for the year ended 31.03.2025
Awaiting price reaction for this filing.
Gangotri Textiles Ltd filed its audited financial results for FY 2024-25, reporting zero revenue from operations for the second consecutive year. Total expenses stood at Rs 7.16 lakhs (down marginally from Rs 7.49 lakhs last year), resulting in a net loss of Rs 7.16 lakhs versus Rs 7.49 lakhs in FY24. EPS came in at (0.0220) versus (0.0230) earlier. The company disclosed that all its assets have already been taken over and sold by lenders, with interest not being provided in books since September 2015, indicating the business is effectively defunct. Borrowings stand at around Rs 246 crore against deeply negative reserves and surplus of Rs 343.5 crore, while cash flow from operations remained negative at Rs 7.13 lakh. The statutory auditor issued an unmodified opinion.
This is a deeply distressed, non-operating company with no revenue, mounting accumulated losses far exceeding equity, and assets already taken over by lenders. There is negligible value for shareholders, and the stock is effectively a non-performing legacy scrip with serious going-concern issues.