Evoq Remedies Ltd — Important, 10-10-2025: Company Update

Evoq Remedies Limited filed its half-year results, reporting revenue from operations of Rs 25.51 Cr and a net profit of Rs 0.05 Cr. Auditors highlighted major concerns, including an ongoing SEBI investigation into financial statement preparation and fund utilization, where they could not determine the financial impact or provide a true and fair view. The company also faces non-compliance with accounting software rules, unconfirmed advances to suppliers totaling Rs 12.51 Cr, and unresolved GST and income tax demands. Loans to related parties failed to adhere to Companies Act provisions. These significant issues prevent auditors from assessing the reliability of the financial statements.