Nilachal Refractories Ltd — Results, 14-08-2025: Result

Nilachal Refractories announced its financial results for the quarter, reporting a net loss of 0.42 Cr. The company's total liabilities now exceed its assets, resulting in a negative net worth of 28.36 Cr. Auditors highlighted a significant doubt on the company's ability to continue as a going concern due to these losses. Management plans to bring in a strategic investor, diversify operations, and implement cost-cutting measures. Auditors also noted issues including an impairment loss of 19.34 Cr from a prior quarter based on an unapproved valuer, unfunded employee benefits, and unprovided cumulative dividends of 0.73 Cr (plus Z0.41 lakhs for the quarter) and a premium of 326.66 Cr on unredeemed preference shares.