Advance Syntex Ltd — Board Meeting, 30-05-2025: Board Meeting

Advance Syntex Limited has announced a board meeting to approve the financial results for the quarter and half-year ended March 31, 2025. The company reported a net loss before tax of ₹1,843.83 lakhs, continuing to face severe financial stress with loans classified as Non-Performing Assets (NPA) by lenders, who have stopped charging interest. The business is currently closed, raising doubts about its ability to continue as a going concern. Management partially provided for expected credit losses, while full provisioning is required. Fixed assets and inventory were partly disposed under a lender’s action, but incomplete details led to accounting adjustments. The company appointed Neha Sharma as Company Secretary and Compliance Officer. The auditor issued an adverse opinion citing material uncertainties and incomplete disclosures.