Libas Consumer Products Limited — Important, 16-06-2025: Updates

Libas Consumer Products faces operational setbacks with inventory overstated by ₹11.87 Cr due to obsolete and overvalued stock. Doubts persist over recoverability of loans (₹2.99 Cr) and trade receivables (₹1.98 Cr), while trade payables (~₹1.77 Cr) lack full verification. Management aims to refurbish inventory and expects recoveries. A fire at a retail outlet resulted in insured damages of ₹2.5 Cr. These factors weighed on profitability, with consolidated net profit at ₹2.64 Cr for the year. The board has announced a meeting to review the financial results for the quarter and half-year.