Cerebra Integrated Technologies Limited — Board Meeting, 13-08-2025: Outcome of Board Meeting
13-08-2025 | 06:49 pm
13-08-2025 | 06:49 pm
Cerebra Integrated's board approved Q1 FY25-26 consolidated financial results, reporting a net loss of ₹14.10 Cr on ₹1.79 Cr revenue. Auditors issued a disclaimer of conclusion, citing major concerns about the company's ability to continue operations. Issues include significant ongoing losses, reduced activity, unverified inventory valuation, and large outstanding receivables totaling over ₹270 Cr. The board also approved the appointment of Mr. Parameshwar Bhat as Secretarial Auditor and the re-appointment of YCRJ & Associates as Statutory Auditors, both subject to shareholder approval. The company faces working capital shortages and has ₹23 Cr in loan defaults.
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