ALPHA TRIBE

Switching Technologies Gunther LtdOthers, 09-08-2025: Others

09-08-2025 | 11:26 am

STG Ltd. reports a challenging FY25 with a net loss of ₹6.69 Cr and sales dropping to ₹7.73 Cr. Accumulated losses now stand at ₹15.26 Cr, eroding net worth, and current liabilities exceed assets by ₹7.25 Cr, prompting auditor concern over 'going concern' viability. Management plans a turnaround via cost-cutting and testing cheaper raw materials. The 37th AGM on September 5, 2025, will seek approval for financial results, director re-appointments, and material related-party transactions for FY26. These include over ₹20 Cr in goods transactions with group entities like Comus International. Importantly, ₹0.98 Cr in preference shares due for conversion since 2021 remain outstanding due to fund unavailability. No dividend is proposed.

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