Fraser and Company Ltd — Board Meeting, 30-05-2025: Board Meeting

Fraser and Company Limited has announced a board meeting to approve the financial results for the quarter and year ended March 31, 2025. The company reported a net loss of Rs. 15.79 million and total income of Rs. 3.09 million for the year. Trade receivables stand at Rs. 96.09 million, with Rs. 61.24 million under NCLT proceedings and Rs. 11.75 million under CIRP, impacting recoverability. Trade payables of Rs. 58.68 million remain unconfirmed, with ongoing litigation related to Rs. 24.47 million. The company wrote off Rs. 29.82 million in loans and advances and reversed Rs. 22.77 million in liabilities. There is a blocked GST input tax credit of Rs. 0.91 million not reflected in the accounts. Auditor’s report carries a qualified opinion highlighting uncertainties on recoveries and payables, as well as material uncertainty about the company’s ability to continue as a going concern due to its accumulated losses and negligible sales. The company has appointed M/s AAS & Associates as secretarial auditors for FY 2025-26. The entire business relates to the supply of construction and real estate materials.