Konark Synthetic Ltd — Results, 14-08-2025: Result

Konark Synthetic Limited has approved its financial results for the quarter ending June 30, 2025, reporting a total income of Rs 12.43 Cr and a slight net loss of Rs 0.0095 Cr. The board also re-appointed Mr. Shonit Prakashchand Dalmia as Managing Director for three years, pending shareholder approval. Auditors highlighted significant concerns: Rs 5.33 Cr in long-standing receivables from a company under insolvency, and Rs 0.93 Cr from another, both with uncertain recovery. A substantial corporate guarantee of Rs 27.06 Cr for a subsidiary currently in insolvency is a major red flag, as this amount significantly exceeds the company's net worth and has minimal recovery prospects.