Audited Financial Results for the quarter and year ended March 31, 2025
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Welterman International reported zero revenue from operations for FY25 and FY24, with total income of just Rs. 20.41 lakhs coming entirely from 'other income' (essentially rental), flat versus Rs. 20.43 lakhs last year. The company posted a net loss of Rs. 15.41 lakhs in FY25, slightly wider than the Rs. 13.39 lakh loss in FY24, translating to a negative EPS of (0.35). Note 3 explicitly states the company's operations were 'not under consideration this year.' Other equity deteriorated to a negative Rs. 1,681.97 lakhs versus share capital of Rs. 444.13 lakhs, meaning accumulated losses far exceed capital. The statutory auditor issued an unmodified opinion but included an Emphasis of Matter flagging an outstanding USD 4,56,001 (about Rs. 3.90 crore) payable to a related party unpaid for over three years, with FEMA implications still being evaluated. Operating cash flow remained negative at Rs. (1.40) lakhs. The board also appointed new secretarial and internal auditors.
The company is effectively a non-operating entity with zero business revenue, deepening losses, deeply negative net worth, and an unresolved foreign-currency regulatory exposure to a related party — a high-risk profile for existing shareholders with no visible turnaround catalyst in these results.