ALPHA TRIBE

Seya Industries LimitedBoard Meeting, 14-08-2025: Outcome of Board Meeting

14-08-2025 | 06:47 pm

Seya Industries (SEY AIND) announced its board meeting has approved the standalone financial results for the quarter ended June 30, 2025. The company reported a net loss of Rs 0.62 Cr. Operating in Corporate Insolvency Resolution Process (CIRP), Seya Industries has not accounted for approximately Rs 26.9 Cr in interest costs for the quarter. This is due to an ongoing dispute with certain lenders regarding their unfulfilled lending obligations. This non-provisioning of interest adds material uncertainty and highlights the company's ongoing legal challenges, a key factor for investors to monitor.

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