Siel Financial Services Ltd — Board Meeting, 05-05-2025: Board Meeting

CMX Holdings Limited has announced a board meeting to approve the financial results for the quarter and half-year ended March 31, 2025. The company reported a net loss of Rs. 25.22 lakh for the year, with accumulated losses eroding its net worth to Rs. 17.01 Cr. Current liabilities exceed current assets by Rs. 2.11 Cr, reflecting severe working capital constraints and negative operating cash flows over recent years. The company’s non-banking financial business operations remain restricted, focusing currently on service income. Despite repeated audit qualifications highlighting these challenges, management continues to prepare accounts on a going concern basis, expecting to secure adequate financing and viable business opportunities to return to profitability.