Siel Financial Services Ltd — Board Meeting, 14-08-2025: Board Meeting

CMX Holdings' board has approved its financial results for the first quarter, reporting a loss of ₹0.075 Cr on total income of ₹0.045 Cr. The company faces significant financial challenges, with accumulated losses of ₹17.08 Cr eroding its net worth, leading to a material uncertainty regarding its "going concern" status. Operations remain curtailed, and the company is not permitted to conduct non-banking financial business. An acquirer has agreed to buy a 51.75% stake for ₹4.11 Cr, with an open offer for an additional 26% underway at ₹9.70 per share. The board also re-appointed M/s Ajay & Ajay Co. as Internal Auditor for FY25-26.