Quarterly Result15 Nov 2024, 01:49 am
Diksha Greens Limited Reports Half-Year Financial Results, but Faces Uncertainty Over Going Concern
AI Summary
Diksha Greens Limited has reported its half-year financial results for the period ended 30.09.2024. The company's Board of Directors approved the un-audited standalone financial results, along with the Statement of Assets and Liabilities and Statement of Cash Flow. However, the company's net worth is negative, and current liabilities exceed current assets, indicating a significant doubt on its ability to continue as a going concern. The company is also dealing with legal disputes and unresolved insurance claims.
Key Highlights
- Diksha Greens Limited reported its half-year financial results for the period ended 30.09.2024.
- The company's net worth is negative, and current liabilities exceed current assets, indicating a significant doubt on its ability to continue as a going concern.
- The company is dealing with legal disputes, including the recall of an amount by Punjab & Sind Bank and an ongoing case under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (second) Act, 2002.
- Diksha Greens Limited has an unresolved insurance claim due to a major fire at its factory in December 2018.
- The company has a pending demand notice of Rs. 47,227.50/- Thousands from the GST Authorities for the period 01-4-2018 to 28-02-2019.
Price Impact
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