Transglobe Foods Ltd — Board Meeting, 15-05-2025: Board Meeting

Transglobe Foods Limited has announced a board meeting to approve the financial results for the quarter and financial year ended March 31, 2025. The audited standalone financial results received an unmodified opinion from the statutory auditors. The company appointed Mr. Bhushan Adhatrao as Internal Auditor for FY 2025-26 and Mr. Jaymin Modi as Secretarial Auditor for a 5-year term, subject to shareholder approval. The auditor’s report highlighted a net loss of ₹23.19 lakhs for the year, with accumulated losses of ₹279.87 lakhs and a negative net worth of ₹37.74 lakhs, raising material uncertainty on the company’s ability to continue as a going concern. Management cited lender support, promoter comfort, and revenue forecasts as factors mitigating this risk.