Transglobe Foods Ltd — Results, 15-05-2025: Result

Transglobe Foods Limited has announced a board meeting on which it approved the audited standalone financial results for the quarter and financial year ended March 31, 2025. The statutory auditors issued an unmodified opinion on these results. The company appointed Mr. Bhushan Adhatrao as Internal Auditor for FY 2025-26 and Mr. Jaymin Modi as Secretarial Auditor for five years, subject to shareholder approval. The audit report highlighted a net loss of ₹23.19 lakhs for the year with accumulated losses of ₹279.87 lakhs and negative net worth of ₹37.74 lakhs, raising concerns on the company’s ability to continue as a going concern. Management cited lender support, a promoter comfort letter, and projected revenues as mitigating factors supporting the going concern assumption.