Advance Syntex Ltd — Results, 30-05-2025: Result

Advance Syntex Limited has announced a board meeting on which it approved the financial results for the quarter and half-year, reflecting a net loss before tax of Rs. 18.44 Cr and ongoing operational challenges. The company’s business activities are closed, and it is no longer a going concern. The auditor has issued an adverse opinion citing incomplete information on asset disposals, non-recognition of interest on non-performing loans, and partial provisioning for bad debts. The company appointed Neha Sharma as Company Secretary and Compliance Officer, aiming to strengthen governance amid financial distress and defaults on loan repayments.