We wish to inform you that our Board Meeting held today has approved the financials for the Year ended 31/03/2026 and appointed Secretarial Auditor. Kindly take the same in records
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Vardhman Concrete Ltd reported zero revenue from operations for FY2025-26, with only other income of Rs. 4.49 Lakhs. The company posted a net loss of Rs. 11.86 Lakhs, significantly improved from Rs. 43.02 Lakhs loss in the previous year. However, the balance sheet reveals severe distress: negative shareholders' funds of Rs. 1022.08 Lakhs indicating substantially eroded net-worth, and borrowings of Rs. 1574.61 Lakhs. The statutory auditors issued an unmodified opinion but raised a material uncertainty regarding going concern, noting the company has been continuously incurring losses for several years. The auditors also flagged doubtful trade receivables of Rs. 361.97 Lakhs and advances of Rs. 140.19 Lakhs that remain unprovided. Operating cash flow turned positive at Rs. 11.58 Lakhs versus negative Rs. 18.63 Lakhs in the prior year. The company appointed Priti J Sheth & Associates as Secretarial Auditor for FY2025-26.
The company is in severe financial distress with negative net-worth and heavy reliance on asset realization to meet liabilities. While losses have reduced and operating cash flow improved, the going concern warning and negative equity position make this a high-risk investment. Shareholders face significant risk of value erosion.