Konark Synthetic Ltd — Board Meeting, 30-05-2025: Board Meeting

Konark Synthetic Limited has announced a board meeting to approve the financial results for the quarter and half-year. The company reported consolidated revenue from operations of Rs. 4673.56 lakh for the year, up from Rs. 4360.44 lakh the previous year. However, it posted a consolidated net loss of Rs. 341.45 lakh for the year compared to a profit of Rs. 15.09 lakh last year, impacted by exceptional losses related to the transfer of an associate. Its subsidiary, India Denim Limited, remains under Corporate Insolvency Resolution Process, with full provisions made for related investments. The auditor issued an unmodified opinion but highlighted uncertainty over recoverability of certain long-outstanding receivables and corporate guarantees given to lenders of the subsidiary and associate companies, which exceed the company's net worth and pose material financial risks. Cash flow from operations remained positive.