Cerebra Integrated Technologies Limited — Board Meeting, 13-08-2025: Outcome of Board Meeting
13-08-2025 | 06:55 pm
13-08-2025 | 06:55 pm
Cerebra Integrated Technologies' Board has approved key decisions for Q1 FY26. The financial results show a consolidated loss of ₹14.10 Cr, impacted by a ₹9.55 Cr stock devaluation. Auditors issued a strong disclaimer, highlighting major concerns about the company's going concern ability, significant old receivables (₹143.21 Cr), and unrecovered overseas dues (₹100.28 Cr). Operational challenges include a temporary halt in refurbishment due to working capital issues. Additionally, Mr. Parameshwar Bhat was appointed Secretarial Auditor, and YCRJ & Associates were proposed for re-appointment as Statutory Auditors, both pending shareholder approval.
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