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- Important
- Financial Update
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Goenka Diamond and Jewels has announced a board meeting to adopt the financial results for the quarter and year ended March 31, 2025. The company remains under Corporate Insolvency Resolution Process, with an Interim Resolution Professional overseeing operations. Consolidated net loss stood at Rs. 210 Cr for the year, impacted by large trade receivables (~Rs. 762 Cr) facing recovery issues and bank loan defaults. Navneet Goenka (MD) and Nandlal Goenka (Chairman) were re-appointed. No dividend declared. The near-term outlook depends heavily on successful resolution and debt restructuring progress.