CRP Risk Management Ltd — Board Meeting, 30-05-2025: Board Meeting

CRP Risk Management Limited has announced a board meeting to approve the financial results for the quarter and half-year. The company reported a slight loss of Rs. 1.55 lakh for the year, compared to a profit of Rs. 3.36 lakh last year. Revenue from operations declined to Rs. 213.37 lakh from Rs. 1,304.93 lakh. The auditors issued a qualified opinion due to the company being classified as a Non-Performing Asset by two banks and outstanding statutory dues of Rs. 44.41 lakh (TDS payable). Advances to suppliers totaling Rs. 8.96 Cr remain unpaid, and Rs. 2.44 Cr worth of slow-moving or obsolete inventory is inadequately provided for. Borrowings decreased, with short-term debt down to Rs. 800.10 lakh. Cash and equivalents ended at Rs. 8.20 lakh. These issues highlight potential liquidity and operational challenges for shareholders to monitor.