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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Williamson Financial Services Ltd's board, at its meeting on 27th May 2025, approved the appointment of Ms. Anushree Biswas Dutt (ICSI Member, 10+ years in corporate law) as Company Secretary and Compliance Officer (Key Managerial Personnel), effective the same day. The board also appointed Mrs. Jacqueline Audrey Monnier — who has spent 35 years in the Williamson Magor Group including its Tea Division — as an Additional Director (Non-Executive and Non-Independent). Alongside, the company announced its audited FY25 results: total income of about Rs. 93 lakh, a net loss of Rs. 4.45 crore, and EPS of Rs. (5.32). The statutory auditor (M/s V. Singhi & Associates) issued a qualified opinion and flagged a material going-concern uncertainty, noting the company has defaulted on borrowings and its net worth has been fully eroded (negative Rs. 362 crore). The company has also not recognised Rs. 37.4 crore of interest expense on inter-corporate borrowings, which is under negotiation.
Routine on the governance side — a new Company Secretary and an additional non-independent director fill vacant KMP/board seats. However, the qualified audit opinion, fully eroded net worth, defaulted borrowings and going-concern doubt point to serious financial distress; shareholders should treat this as a high-risk name and watch for any debt restructuring or revival plan.