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Cranes Software International Limited has announced a board meeting to approve and take on record the audited standalone and consolidated financial results for the year ended March 31, 2025. The company reported a net loss after tax of INR 19.93 Cr standalone and INR 14.36 Cr consolidated. No dividend was declared. The audit report includes qualifications due to significant uncertainties over the company’s ability to continue as a going concern, continued defaults on statutory dues, overdue loans including from UPS Capital Business Credit, and non-provision of interest on certain borrowings. The Bank of India has declared the company and promoters as wilful defaulters. The company is in negotiations for settling its dues with foreign currency convertible bondholders. Statutory compliances with RBI remain pending since 2011. Undisputed statutory dues are unpaid. The company has adopted a fair value model for investments but continues valuation at cost due to unavailable market prices. These challenges highlight ongoing financial stress and risks relevant to shareholders.