Foundry Fuel Products Ltd — Updates, 02-06-2025: Company Update

Foundry Fuel Products Ltd has announced a board meeting to consider the financial results for the quarter and half-year. The company reported a net loss of Rs. 25.05 lakh for the year ended, continuing challenges with lease renewals and disputed rental incomes related to its godown properties at Kolkata Port Trust. The lease of the Paharpur godown expired in 2002 and has not been renewed, with ongoing legal proceedings and compensation claims. Stock of land at Chingrinata is valued at historical cost due to unresolved mutation and encroachment issues. Long-term unsecured loans totaling Rs. 1.84 crore remain unconfirmed and outstanding for a prolonged period, with no interest accounted. These operational and legal uncertainties continue to impact profitability and asset valuation.