We inform you that the Board of Directors in the meeting held 23.05.2025 have approved the audited Financial statements.
Awaiting price reaction for this filing.
Gangotri Textiles Ltd has reported its audited results for FY25 with zero revenue from operations and only Rs 7.16 lakhs of other expenses, resulting in a net loss of Rs 7.16 lakhs (vs Rs 7.49 lakhs loss last year). The balance sheet shows total assets of Rs 15.19 crores but with massive borrowings of Rs 246.11 crores and deeply negative other equity of Rs -343.50 crores, leaving total equity at about Rs -236.77 crores. A critical note from the company states that all its assets have been taken over and sold by lenders, and interest has not been provided since September 2015. Cash flow from operations was negative at Rs -7.13 lakhs and cash balance remains just Rs 50,765. The auditor has issued an unmodified opinion.
This is a deeply distressed company with negative net worth, no operating revenue, and assets already taken over by lenders. Shareholders face extreme risk as the stock reflects a non-operational business with no clear path to revival.