Parmeshwari Silk Mills Ltd — Board Meeting, 29-05-2025: Board Meeting

Parmeshwari Silk Mills Limited has announced a board meeting approval of the financial results for the quarter and half-year ended March 31, 2025, accompanied by an unmodified audit opinion from Montek S & Associates. The audit highlighted certain qualifications, including reliance on management-certified inventory without physical verification, missing confirmations from some trade receivables and payables, and non-provision of interest on delayed MSME payments. The company’s outstanding qualified borrowings reduced from Rs. 56 Cr to Rs. 40.20 Cr during the year. Total income stood at ₹57.72 Cr for the quarter and ₹228.66 Cr for the year, with profit after tax at ₹1.85 Cr (quarter) and ₹7.56 Cr (year). The board affirmed the financial statements present a true and fair view and maintain going concern status.