TO approved the following. a. Audited Standalone Financial Results of the Company for the fourth quarter and year ended March 31, 2025 along with Audit Report by Statutory Auditors of ....
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Western Ministil Limited's board approved its audited standalone financial results for Q4 and FY ended March 31, 2025. The company reported almost no business activity with total income of just Rs 0.06 lakhs in Q4 FY25 and a net loss of Rs (32.23) lakhs for the full year, nearly doubling from Rs (16.16) lakhs in FY24. EPS stood at Rs (1.49) for FY25 versus Rs (0.75) in FY24. New auditor Maark & Associates (replacing previous auditor Paresh Rakesh & Associates LLP) gave an unmodified opinion but flagged two Emphasis of Matter paragraphs highlighting that accumulated losses exceed share capital, current liabilities exceed current assets, the company has no operating activity, creating material doubt on going concern, and that Rs 274.71 lakhs of interest on related party loans availed since April 2001 has not been provided in the books. Net worth is deeply negative at Rs (482.65) lakhs and operating cash flow remained negative at Rs (21.14) lakhs.
This is a distressed, non-operating company with negative net worth where the auditor has explicitly flagged going concern uncertainty. Shareholders face serious risks including potential regulatory action, and the stock is effectively a penny stock with very limited recovery prospects absent a revival plan or capital infusion.