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- Important
- Financial Update
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SRM Energy Limited has announced a board meeting on the financial results for the quarter and half-year ended March 31, 2025. The company reported no business operations during the period and continues to incur cash losses, with accumulated losses fully eroding net worth; current liabilities exceed current assets. The standalone loss stood at Rs 57.59 lakh for the quarter and Rs 81 lakh for the year. The company holds an Rs 132 lakh investment in its wholly owned subsidiary, which also has no operations and is under insolvency proceedings. Management expects support from the parent company to sustain operations. Audit reports contain qualified opinions citing material uncertainty about the company’s ability to continue as a going concern. Additionally, fraudulent activities impersonating the company on unauthorized platforms were reported and publicly disclaimed by the company.