Siel Financial Services Ltd — Results, 05-05-2025: Result

CMX Holdings Limited has announced a board meeting approving 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, leading to an accumulated loss of Rs. 17.01 Cr and erosion of net worth. Current liabilities exceed current assets by Rs. 2.11 Cr, reflecting a severe working capital deficit worsened by negative operating cash flows over recent years. The company is limited to income from services after its application to carry Non-Banking Financial Business was rejected. Despite these challenges, management remains hopeful about securing adequate funding and opportunities to resume profitable operations. The auditors issued a qualified opinion highlighting these issues and inability to verify certain unsecured loan balances of Rs. 3.66 Cr due to lack of confirmations.