Fraser and Company Ltd — Updates, 02-06-2025: Company Update

Fraser and Company Limited has announced a board meeting to approve the financial results for the quarter and half-year ended March 31, 2025. The company reported operational challenges, including the filing of applications with NCLT for recovery of receivables totaling Rs. 73 million under insolvency proceedings, reflecting ongoing collection issues. During the year, loans and advances worth Rs. 9.82 million were written off as irrecoverable, while Rs. 2.77 million liabilities were reversed. These adjustments amount to a net write-off of Rs. 12.59 million, impacting the financials. This highlights the company’s efforts to manage credit risks and streamline its balance sheet.