Tamilnadu Telecommunication Limited — Board Meeting, 14-11-2024: Outcome of Board Meeting

The Board has approved the financial results for the quarter and half-year ended September 30, 2024. However, the company has reported significant concerns regarding its going concern status, citing accumulated losses of ₹226.56 crore and a negative net worth of ₹170.10 crore. The factory has not been operational since 2017, and there are uncertainties about resuming operations due to required overhauls and lack of raw material supply. Furthermore, the financial statements do not reflect certain liabilities and assets at fair value, leading to an adverse conclusion about the financial position.