We would like to inform you that the Board of Directors of the Company, in their Board Meeting held on Thursday, May 15, 2025 at Registered Office of the Company have inter alia approved ....
Awaiting price reaction for this filing.
Mangalya Soft-Tech Limited reported audited standalone financial results for the quarter and year ended March 31, 2025, with the auditor issuing an Unmodified Opinion but including an Emphasis of Matter paragraph. The company recorded zero revenue from operations and zero other income, confirming it remains non-operational. Total expenses fell to Rs. 5.15 lakhs (from Rs. 10.64 lakhs last year), resulting in a net loss of Rs. 5.15 lakhs, an improvement from the Rs. 10.64 lakh loss in FY24. The company's total equity is negative at Rs. (52.01) lakhs, indicating accumulated losses exceeding share capital. The Emphasis of Matter highlights that the company was under CIRP and that Ratnakar Securities Pvt Ltd was approved as resolution applicant by NCLT in September 2022, with implementation still in process. The company's shares remain suspended on BSE pending relisting after payment of dues.
This is a micro-cap, non-operational, distressed company with negative net worth and no revenue — share loss narrowed year-on-year which is mildly positive. The bigger near-term trigger is the pending relisting on BSE following the CIRP resolution plan, but investors should treat this as extremely high-risk given the zero revenue base and unresolved corporate history.