Antarctica Limited — Board Meeting, 13-08-2025: Outcome of Board Meeting

Antarctica Ltd. has announced a board meeting where it approved the financial results for the quarter and half-year ended June 30, 2025. For Q1, the company reported revenue of 498.67 Rupees and a profit of 69.30 Rupees.

Crucially, the statutory auditors issued a disclaimer of opinion on these results. They cited multiple concerns, including unconfirmed balances for GST credit, trade payables/receivables, supplier advances, and customer advances. Auditors also noted a lack of proper documentation for sales invoices, goods inward registers, and unverified bank balances. These issues raise significant questions about the company's financial transparency and operations.