Outcome of RP Committee Meeting

Yashraj Containeurs Ltd, which is under Corporate Insolvency Resolution Process (CIRP) since NCLT order dated February 22, 2024, announced unaudited financial results for Q3 and nine months ended December 31, 2024, approved by the Resolution Professional committee. Revenue from operations was nil in Q3 FY25, down from Rs 35.11 lakhs in Q3 FY24, with nine-month revenue falling to Rs 142.80 lakhs from Rs 197.17 lakhs year-on-year. The company posted a net loss of Rs 22.93 lakhs in Q3 and Rs 446.34 lakhs for the nine months, with negative other equity of Rs 10,078.35 lakhs indicating a deeply eroded net worth. The statutory auditor issued an Emphasis of Matter noting the company is restructuring liabilities, with promoter expected to revive and fund the business, hence results continue on a going concern basis.