Benara Bearings and Pistons Ltd — Results, 02-08-2025: Result

Benara Bearings has announced a board meeting where it approved the financial results for the quarter and half-year, appointed a new CFO, and approved a change in IPO object. Auditors issued a disclaimer on the financials, citing insufficient evidence for inventory (₹18.50 Cr), non-current asset recoverability (₹9.79 Cr), and long-term loans (₹11.71 Cr). The company hasn't provided interest on ₹51.38 Cr in short-term borrowings, now non-performing assets (NPAs), due to ongoing one-time settlement talks. With ₹16.66 Cr cash losses and negative net worth, auditors have significant concerns about the company's ability to continue operations.