Risa International Ltd — Results, 29-05-2025: Result

Risa International Ltd. has announced a board meeting to approve the financial results for the quarter and half-year ended March 31, 2025, reporting a net loss of Rs. 900.22 lakhs and no business income during the year. The company wrote off Rs. 858.98 lakhs as bad debts due to non-recoverability. 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 Suresh resigned effective June 2, 2025. The auditor issued an unmodified opinion but highlighted uncertainties about the company’s ability to continue as a going concern, citing net worth erosion and pending income tax demands. Management remains confident in improving business and funding as needed.