Advance Syntex Ltd — Board Meeting, 14-08-2025: Board Meeting

The Board has approved the financial results for the quarter ended June 30. Auditors have issued an adverse opinion, stating the company's business activities are closed and it is not a "Going Concern." The report highlights continued losses, negative net-worth, and severe liquidity issues. Fixed assets block is now zero as the company’s land and buildings were sold for 4.54 Cr and other assets for 0.66 Cr by a lender bank under SARFAESI Act. The company has not recognized interest on defaulted loans due to their Non-Performing Asset status and incomplete provision for trade receivables, impacting reported financials.