We wish to inform that the Board of Directors of the Company, at its meeting held today has approved the following: a) The Audited Financial Results (Standalone) for the quarter and ....
Awaiting price reaction for this filing.
Vardhman Concrete's board approved audited standalone results for Q4 and FY ended March 31, 2025. The company reported zero revenue from operations and only Rs 4.26 lacs in other income, confirming it remains non-operational. Net loss narrowed sharply to Rs 46.76 lacs (FY25) from Rs 129.33 lacs (FY24), though shareholders' funds remain deeply negative at Rs (9.67) crores versus total borrowings of Rs 15.72 crores. The statutory auditor flagged a material going concern uncertainty due to multi-year continuous losses and substantially eroded net worth, and highlighted emphasis-of-matter items including doubtful receivables of about Rs 5.56 crores, pending legal/arbitration cases, and missing financials for a joint venture. The board also appointed Priti J Sheth & Associates as the Secretarial Auditor for FY2025-26.
Negative for shareholders — the company has no operating business, accumulated losses have wiped out equity, and the auditor has explicitly questioned its ability to continue as a going concern, making this a high-risk stock despite the narrower annual loss.