Riwind Green Energy Limited, formerly known as CMX Holdings , has accepted the resignation of Ms. Sonal Vyas from the position of Company Secretary and Compliance Officer. The resignation is effective from June 30, 2026, and was tendered due to pre-occupation in another assignment. The company informed the BSE Ltd. regarding this change in key managerial personnel.

The disclosure was submitted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has requested the exchange to take the information on record. The resignation letter was addressed to the Board of Directors of CMX Holdings Limited.

Ms. Sonal Vyas requested the board to file the necessary forms with the Registrar of Companies to give effect to the resignation. She expressed her gratitude to the board and fellow members for the support extended during her tenure as Company Secretary. The filing was digitally signed by Amay Vatsalya, Whole Time Director of the company.

Details of Resignation

Riwind Green Energy Limited reported a widened net loss of ₹68.45 lakh for the financial year ended March 31, 2026, as total income declined to ₹11.46 lakh from ₹20.31 lakh in the previous year. The company’s accumulated losses have reached ₹2,440.13 lakh, resulting in the complete erosion of its net worth and casting material uncertainty on its ability to continue as a going concern. The Board of Directors approved the audited standalone financial results for the quarter and year ended March 31, 2026, on June 18, 2026.

Statutory auditors S.K. Mehta & Co. issued a qualified opinion on the financial results, citing the inability to obtain confirmations for unsecured borrowings amounting to ₹255.28 lakh and loans and advances of ₹132.34 lakh. The auditors noted that the terms and conditions for unsecured loans of ₹122.00 lakh and given advances of ₹132.34 lakh were not made available, preventing them from commenting on the authenticity of these balances. Additionally, the auditors highlighted that the company has been incurring negative operating cash flows for several years, leading to significant working capital constraints.

Financial Performance

The company’s financial performance for the year reflects a contraction in operations. Revenue from operations was nil for both FY26 and FY25, while other income decreased to ₹11.46 lakh in FY26 from ₹20.31 lakh in the previous year. Total expenses rose to ₹79.91 lakh in FY26 from ₹45.53 lakh in FY25, driven primarily by finance costs of ₹34.21 lakh and employee benefit expenses of ₹16.42 lakh. The loss per share for the year widened to ₹0.60 from ₹0.22 in the previous year.

Auditor’s Observations and Compliance

The auditors drew attention to an emphasis of matter regarding the transfer of calls in arrears amounting to ₹2.08 lakh to other financial assets, which increased the paid-up equity share capital as of March 31, 2026. The company noted that relevant details for this amount were not available. Furthermore, shareholders approved an increase in authorised share capital from ₹30.00 crore to ₹2500.00 crore on December 25, 2025, but statutory formalities are pending due to the non-deposit of the requisite fee. The financial statements have been prepared on a going concern basis based on management’s expectation that adequate financial support will be available.