We would like to inform that the Board of Directors, at their Meeting held today i.e. Friday May 30, 2025, at its registered office has inter-alia transacted the following, 1. Approved ....
Awaiting price reaction for this filing.
The Board of CRP Risk Management approved audited standalone financial results for FY ended March 31, 2025, and appointed M/s. Amruta Giradkar & Associates as Secretarial Auditor for five years (FY26–FY30). Revenue from operations collapsed sharply from Rs. 1,304.93 lakhs in FY24 to Rs. 213.37 lakhs in FY25, a decline of around 84%, while the company slipped into a small loss after tax of Rs. 0.27 lakhs versus a profit of Rs. 3.62 lakhs earlier. The auditor (RAKCHAMPS & Co. LLP) flagged qualifications relating to the company being classified as a Non-Performing Asset by SBI (Dec 2021) and Wai Urban Co-operative Bank (Nov 2021), and an emphasis of matter on Rs. 8.96 crore of unrecovered supplier advances and Rs. 2.44 crore of slow-moving/obsolete inventory without adequate provisions. Despite these qualifications, the company separately declared the auditor's opinion as 'unmodified' under Regulation 33, which appears contradictory.
The dramatic revenue decline, return to losses, NPA status with two banks, and large stuck supplier advances point to serious business and liquidity stress—investors should treat FY25 as a flag for going-concern risk and watch closely whether the new secretarial auditor appointment and any future disclosures address recovery of advances and revival of operations.