Risa International Ltd — Updates, 29-05-2025: Company Update

Risa International Ltd. has announced a board meeting on which it approved the audited financial results for the quarter and year ended March 31, 2025, reporting a net loss of Rs. 900.22 lakh and no business income during the year. The company wrote off Rs. 858.98 lakh as bad debts due to non-recoverability, significantly impacting profitability and leading to erosion of net worth. The board appointed Suprabhat Chakraborty as Secretarial Auditor and M/s Abhishek R Jain & Co. as Internal Auditor for FY 2025-26. Whole-time Director Arihant Jain resigned effective June 2, 2025. The company’s continuation as a going concern depends on management’s plans to raise funds and generate revenue.