APPROVAL OF AUDITED STANDALONE FINANCIAL RESULT FOR THE QUARTER AND YEAR ENDED MARCH 31 2025
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Awaiting price reaction for this filing.
Western Ministil Limited reported near-zero revenue from operations of just Rs. 0.06 lakhs for FY25, indicating the company is essentially not carrying on any business activity. The net loss for the year widened sharply to Rs. 32.23 lakhs compared to Rs. 16.16 lakhs in the previous year, with EPS at Rs. (1.49). The company carries negative total equity of Rs. 482.65 lakhs (accumulated losses of Rs. 698.37 lakhs against paid-up capital of Rs. 215.72 lakhs) and total borrowings of about Rs. 252 lakhs. Cash and equivalents stood at only Rs. 0.12 lakhs and current liabilities of Rs. 387 lakhs far exceed current assets. The auditor (MAARK & Associates) gave an unmodified opinion but flagged a strong emphasis of matter, noting that accumulated losses exceed share capital, current liabilities exceed current assets, no business activity is underway, and Rs. 274.71 lakhs of interest on a related-party loan (availed since April 1, 2001) has not been provided for — understating the loss.
Serious red flags for shareholders: auditor has flagged material uncertainty on the company's ability to continue as a going concern. Negative net worth, negligible revenue, rising losses, and undisclosed related-party interest liability make this a highly distressed small-cap stock with significant downside risk.