Fraser and Company Ltd — Results, 30-05-2025: Result

Fraser and Company Limited has announced a board meeting approving the audited financial results for the quarter and year ended March 31, 2025. The company reported a net loss after tax of Rs. 15.77 million on total income of Rs. 3.09 million, with earnings per share at a loss of Rs. 1.94. Trade receivables stood at Rs. 96.09 million, with legal recovery proceedings ongoing at NCLT for Rs. 61.24 million and Rs. 11.75 million. Trade payables of Rs. 58.68 million remain unconfirmed, with recovery suits involving Rs. 24.47 million pending. Advances of Rs. 28.65 million given to suppliers prior to December 2022 are under legal recovery. The company wrote off Rs. 29.82 million of irrecoverable loans and reversed Rs. 22.77 million of no longer payable liabilities, netting Rs. 12.39 million. There is material uncertainty over the company’s ability to continue as a going concern due to accumulated losses, negligible sales of Rs. 2.19 million during the year, absence of orders, and cash flow constraints. New management aims to seek shareholder approval to change the company’s main business object, with plans to revive revenue. The statutory auditor issued a qualified opinion citing the above issues and noted understatement of loss and liabilities due to blocked GST input tax credit of Rs. 0.91 million. M/s AAS & Associates has been appointed as secretarial auditors for FY 2025-26.