We hereby submit the REVISED Financial Results long with Limited Review Report for the quarter ended March 31, 2025 with an unmodified opinion.
Awaiting price reaction for this filing.
CRP Risk Management Ltd has resubmitted its audited financial results for the quarter and year ended March 31, 2025. Revenue for the full year stood at Rs. 215.77 lakhs against expenses of Rs. 216.04 lakhs, resulting in a marginal net loss of Rs. 0.27 lakhs. Net worth is Rs. 6,059.02 lakhs against total assets/liabilities of Rs. 8,915.18 lakhs. The auditor has flagged a qualified opinion basis, noting the company was classified as a Non-Performing Asset (NPA) by SBI and Wai Urban Co-op Bank since late 2021, and TDS dues of Rs. 44.41 lakhs remain unpaid. An emphasis of matter highlights Rs. 8.96 crore in stuck supplier advances and Rs. 2.44 crore of slow-moving/obsolete inventory without adequate provisions.
Despite the cover letter claiming an unmodified opinion, the auditor's report contains a qualified opinion basis and emphasis-of-matter paragraphs, signalling serious financial distress. Shareholders should note the NPA status with lenders, pending tax dues, and large unrecovered advances — all of which raise going-concern concerns and may weigh on stock sentiment.