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 Ltd reported audited standalone results for Q4 and FY ended March 2026. The company posted total revenue of Rs. 4.49 Lakhs with a net loss of Rs. 11.86 Lakhs, significantly improved from the previous year's loss of Rs. 43.02 Lakhs. Revenue from operations was nil, with only other income contributing. The balance sheet shows severely eroded net worth of negative Rs. 1022.08 Lakhs against total assets of Rs. 656.43 Lakhs. Borrowings stand at Rs. 1574.61 Lakhs. The statutory auditors issued an unmodified opinion but highlighted material uncertainty about going concern due to continuous losses over several years. The company also appointed Priti J Sheth & Associates as secretarial auditor for FY 2025-26.
The company remains in financial distress with negative net worth and heavy borrowing. While losses have reduced year-over-year, auditors' going concern warning signals significant risk. Shareholders should exercise caution given the company's precarious financial position.