Madhucon Projects Limited — Board Meeting, 17-05-2025: Outcome of Board Meeting

Madhucon Projects has announced a board meeting approving its audited consolidated and standalone financial results for the quarter and year ended March 31, 2025. Consolidated results show a steep loss of Rs. 523 Cr on income of Rs. 1,011 Cr, while standalone losses stood at Rs. 21 Cr on Rs. 856 Cr revenue. The company faces severe liquidity stress with current liabilities far exceeding current assets and defaults on multiple loans. Significant impairments on subsidiary investments were recognized, many under insolvency proceedings. Auditors raised concerns over the company’s ability to continue amid ongoing litigation and debt restructuring. Management is actively pursuing a debt resolution plan.