Siel Financial Services Ltd — Important, 15-08-2025: Company Update

CMX Holdings' Board approved Q1 financial results, reporting a loss of ₹7.51 lakh. Auditors issued a qualified opinion, citing significant unconfirmed long-term borrowings of ₹3.41 crore and critical concerns about the company's ability to continue as a going concern due to ₹170.81 crore accumulated losses and eroded net worth. Operations remain curtailed after an RBI rejection of its NBFC application. A major corporate development sees an acquirer set to buy a 51.75% stake, with an open offer for another 26% at ₹9.70 per share currently underway. The internal auditor was re-appointed for FY25-26.