Advance Syntex Ltd — Results, 14-08-2025: Result

Advance Syntex's Board has approved the financial results for the quarter, reporting a significant loss of Rs. 175.25 crore. Critically, auditors issued an adverse opinion due to the company no longer being a 'going concern' as business operations have ceased. This means standard accounting principles were not followed. Issues include zero fixed assets after bank-led sales (Land for Rs. 4.54 crore, others for Rs. 0.66 crore), unprovided interest on defaulted Non-Performing Asset loans, and insufficient provisioning for old receivables. These indicate severe financial distress and operational closure.