AA Plus Tradelink Ltd — Results, 29-05-2025: Result

AA Plus Tradelink Limited has announced a board meeting outcome approving the financial results for the quarter and half-year ended March 31, 2025. The Board approved key appointments: Mr. Kirit Kumar Madhavlal Shah as Managing Director and Chief Financial Officer, Mr. Vinayak S. Chandorkar as Non-Executive Independent Director, and Vishakha Agrawal & Associates as Secretarial Auditor. Mr. Jay Vijaykumar Mehra resigned as Independent Director, and Jain Anil & Associates was appointed as Internal Auditor. The company raised ₹29.09 Cr via rights issue, but audit noted discrepancies in fund utilization and related party transactions, along with delayed salary payments and documentation gaps. Auditor’s opinion is qualified due to inadequate internal audit, unverifiable loan details (₹22 Cr unsecured loans), unusual vendor receipts, and sales at near-zero margins (₹8.59 Cr), signaling operational and control weaknesses that shareholders should watch closely.