CMX Holdings: Audited FY26 Results Show Net Loss of ₹68.45 Lacs
CMX Holdings Ltd (now Riwind Green Energy Limited) announced its audited financial results for the quarter and year ended March 31, 2026. The company reported a net loss of ₹68.45 Lacs for the year, with accumulated losses reaching ₹2,440.13 Lacs, resulting in a complete erosion of net worth. The auditor issued a qualified opinion due to unconfirmed unsecured borrowings and loans/advances, and highlighted significant working capital constraints and negative operating cash flows, casting doubt on the company's ability to continue as a going concern. Despite these challenges, the financial statements were prepared on a going concern basis, based on management's expectation of future support and profitability.
Key Highlights
- Audited FY26 net loss reported at ₹68.45 Lacs.
- Accumulated losses ₹2,440.13 Lacs, eroding net worth.
- Auditor issued qualified opinion on borrowings and loans.
- Going concern basis questioned due to working capital deficit.
- Shareholders approved capital increase from ₹30 Cr to ₹2500 Cr.
Price Impact
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