Advance Syntex Ltd — Updates, 16-07-2025: Company Update

Advance Syntex Limited's annual consolidated financial results received an adverse audit opinion. Key audit qualifications include the company no longer being a going concern, non-recognition of interest on Non-Performing Assets, incomplete provisions for old debtors, and lack of complete bank information regarding asset disposal. The reported Net Loss stands at (184.16) Cr and Net Worth at 134.22 Cr. Management explains financial statements were prepared considering the non-going concern status, commits to enhanced disclosures, and is working to resolve other issues. A recent actuarial valuation confirmed NIL gratuity liability.