Satchmo Holdings Ltd — Board Meeting, 25-07-2025: Board Meeting

Satchmo Holdings has announced a board meeting where it approved the financial results for the quarter, reporting a standalone net loss of ₹2.27 Cr and a consolidated net loss of ₹2.61 Cr. Auditors issued an adverse opinion, citing significant doubt on the company's ability to continue as a going concern due to accumulated losses and negative net worth. The company has defaulted on ₹85.07 Cr in loans and faces legal proceedings for debt recovery. It is in discussions for a fresh one-time settlement and is exiting real estate projects, transferring development rights for an advance of ₹7.87 Cr, aiming for a revival.