Foundry Fuel Products Ltd — Results, 30-05-2025: Result

Foundry Fuel Products Ltd. has announced a board meeting outcome, approving the financial results for the quarter and half-year. The company reported no business operations during the period, incurring losses mainly due to administrative expenses. It posted a loss of Rs. 24.69 lakhs for the year, with negative net worth of Rs. 123.72 lakhs. Fixed assets are fully depreciated, and current liabilities exceed current assets. The holding company has committed to provide funds as needed to support operations. The statutory auditors issued an unmodified opinion but highlighted going concern matters due to lack of operations and financial position.