We wish to inform that the Board of Directors of the Company, at its meeting held on today has approved the following: a) The Audited Financial Results (Standalone) for the quarter ....
Awaiting price reaction for this filing.
Vardhman Concrete Ltd reported audited results for FY25 showing zero revenue from operations, with total income of just Rs 4.26 lakh coming entirely from other income. The company's net loss narrowed to Rs 46.76 lakh from Rs 129.33 lakh in FY24, but it remains loss-making for the third consecutive year. Shareholders' funds are deeply negative at Rs (967.19) lakh, with total borrowings of Rs 1,572.13 lakh against near-zero operational revenue. The statutory auditor (G.P. Sharma & Co. LLP) issued an unmodified opinion but flagged a Material Uncertainty Related to Going Concern, noting continuous losses and substantially eroded net worth. The auditor also raised an Emphasis of Matter on overdue trade receivables of Rs 3.62 crore and advances/deposits of Rs 1.94 crore flagged as doubtful, pending legal/arbitration cases whose outcome is unascertainable, and unavailable financials from its joint venture (Diviniti & DKS). Operating cash flow was positive at Rs 22.53 lakh. The board also appointed Priti J Sheth & Associates as Secretarial Auditor for FY 2025-26.
Despite a narrower loss, this remains a deeply distressed micro-cap with no operating revenue, negative net worth, and an explicit going-concern warning — equity holders face material risk of dilution or further value erosion. The stock is not suitable for risk-averse investors.