Advance Syntex Ltd — Important, 24-11-2025: Company Update

DVANCE SYNTEX adopted its financial results for the quarter and half-year ended September 30, 2025, reporting a net loss of 0.57 Cr for the quarter. The auditors issued an 'Adverse Opinion', emphasizing the company's severe financial distress and inability to continue as a 'going concern' due to closed business operations. They highlighted major accounting irregularities, including unrecorded interest on Non-Performing Asset (NPA) loans, zero fixed assets post-sale, and inadequate provisions for bad debts. The company now holds a negative net worth of 12.99 Cr, signaling critical financial health.