Garodia Chemicals Ltd — Board Meeting, 29-05-2025: Board Meeting

Garodia Chemicals has announced a board meeting on the approval of the annual audited financial statements and several re-designations of directors from Additional Non-Executive Directors to Additional Non-Executive Independent Directors. The company reported a net loss of ₹20.77 lakh for the year, widening from ₹13.11 lakh the previous year, with no revenue from operations. The management has decided to cease business operations, reflected by all assets and liabilities being current and carried at fair value. Long-term borrowings increased to ₹481.87 lakh, supporting cash flow needs, while equity remains negative at ₹469.71 lakh, indicating continued financial stress.