Sterling Green Woods Ltd — Results, 06-06-2025: Result

Sterling Greenwoods Ltd. has announced a board meeting to approve the financial results for the quarter and half-year ended March 31, 2025. The company reported total income of Rs. 144.95 lakh and a loss of Rs. 108.96 lakh on a standalone basis, with similar figures consolidated. The auditor issued a qualified opinion citing incomplete implementation of audit trail controls in accounting software and unascertained impairment on certain resort assets, the impact of which is currently unquantifiable. The company is involved in ongoing legal disputes related to asset transfers and management issues, including a civil suit and NCLT cases. It has provided for Rs. 17.55 lakh expected credit loss on alleged misappropriation by a former resort manager. Outstanding GST liabilities of Rs. 16.20 lakh remain unsettled, though management is working on reconciliation. The company settled dues from an ex-director totaling Rs. 3.44 Cr during the year. These matters may influence future financials but exact impacts remain uncertain.