Gleam Fabmat Ltd. Approves Half-Yearly Unaudited Financial Results for 2025, Despite Legal Disputes and GST Issues

Gleam Fabmat Ltd. has approved the Standalone Unaudited Financial Results for the Half Year ended on 30th September 2025. The company has been facing legal disputes with Axis Bank Limited, leading to a credit facility default of Rs. 2.06 crores. The matter is sub judice in the Debt Recovery Tribunal (DRT), Delhi. The company has not made any provision for interest payable on the outstanding amount. Additionally, the company's registration under the Goods and Service Tax Act of Delhi State was cancelled in 2021 and the company has started trading in Gujarat from 2023. The company's commercial premises in Delhi are sealed by Axis Bank Limited, making physical verification of the stock impossible.