Vadivarhe Speciality Chemicals Limited — Others, 29-05-2025: Change in Management

Vadivarhe Speciality Chemicals Ltd. has announced a board meeting for approval of the financial results for the quarter and half-year. Auditors issued an unmodified opinion but highlighted accumulated losses, fully eroded net worth, and current liabilities exceeding current assets, raising concerns about the company’s ability to continue as a going concern. Management is optimistic that confirmed orders will enhance cash flows. The board appointed M/s. Yatin and Associates as Internal Auditors and M/s. Prajot Vaidya & Co as Secretarial Auditor for the next five years. Half-year turnover was Rs. 23.44 Cr with negative operating cash flow of Rs. 7.15 Cr.