unaudited financial results for the quarter ended 30th june,2025 together with the limited review report thereon
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Western Ministil Limited reported no operating revenue for Q1 FY26 (quarter ended 30 June 2025), continuing the trend from prior periods. The company posted a net loss of Rs. 5.07 lakhs, wider than the Rs. 3.67 lakh loss in the same quarter last year, with loss per share of Rs. 0.24. The company's plant has been shut since 1995 and it has no active manufacturing or trading operations. The auditor (MAARK & Associates) flagged a material uncertainty on the company's ability to continue as a going concern, noting that accumulated losses exceed paid-up capital and reserves, and current liabilities exceed current assets. The auditor also highlighted Rs. 278.07 lakhs of unprovided interest on related-party loans accumulated since 2001, which understates the current quarter's loss by Rs. 2.87 lakhs.
This is a deeply negative filing for shareholders. The company is essentially a non-operating shell with mounting losses, a going-concern doubt flagged by the auditor, and large unrecorded liabilities from related-party borrowings. Investors should view this as a high-risk, potentially distressed stock with little near-term catalyst for recovery.