Garlon Polyfab Industries Limited narrowed its net loss to ₹3.24 lakh for the financial year ended March 31, 2025, compared to a loss of ₹4.39 lakh in the previous year. The textile trading and distribution company, which is currently not in operation, reported zero revenue from operations for the period. Its Board of Directors has decided not to recommend any dividend for the year ended March 31, 2025, to strengthen the financial position.

The company’s paid-up share capital remained unchanged at ₹461.32 lakh during FY25. Garlon Polyfab Industries disclosed that its trading is suspended on BSE Limited and stated it is making efforts to get the suspension revoked on a priority basis. The company is seeking viable business options to venture into profit and wealth maximization.

Financial Performance

The company’s financial statements for FY25 reflect a continued period of inactivity with no income generated from operations. The loss before tax for the year stood at ₹3.24 lakh, a reduction from the ₹4.39 lakh loss recorded in the previous year. Consequently, the net profit after tax (PAT) was a loss of ₹3.24 lakh for FY25, compared to a loss of ₹4.39 lakh in FY24.

Operational Status and Governance

Garlon Polyfab Industries confirmed that it is not in operation and is in the process of finalizing viable business options. The Board of Directors comprises six members, including Managing Director Mr. Vishal Garg. During the year, the company appointed Mr. Deendayal Katare Gupta, Mr. Ashish Kumar Srivastava, and Mr. Rajiv Chauhan as directors. The company held nine board meetings during the period under review.

M/s. D.C. Shukla & Co., Chartered Accountants, served as the statutory auditors for the financial year. The auditors noted that the financial statements were prepared on a non-going concern basis and highlighted a material uncertainty regarding the company's ability to continue as a going concern due to the net loss and current liabilities exceeding current assets. The secretarial audit report by Mr. Prakhar Pandey & Co. noted that the company is yet to appoint a Woman Director on the Board.

Garlon Polyfab Industries Limited reported a net loss of ₹0.67 lakh for the quarter ended June 30, 2025, as the company recorded zero income from operations. The total expenses for Q1FY26 amounted to ₹0.67 lakh, consisting of employee benefits expense of ₹0.36 lakh and other expenses of ₹0.31 lakh. The company reported no revenue, material consumption, or finance costs during the period.

The unaudited financial results were reviewed by the statutory auditors, D.C. Shukla & Co., Chartered Accountants, in accordance with the Standard on Review Engagement (SRE) 2410. The auditors stated that nothing came to their attention to suggest the results were not prepared in accordance with Ind AS. The Board of Directors approved the results at a meeting held on August 14, 2025.

For the year ended March 31, 2025, the company reported a net loss of ₹3.24 lakh on zero income, with total expenses of ₹3.24 lakh. The paid-up equity share capital remained constant at ₹461.32 lakh across all reported periods. The Basic and Diluted Earnings Per Share (EPS) for Q1FY26 stood at -0.0015.

Financial Performance Summary

The company noted that it has adopted Ind AS for the financial year commencing from April 1, 2017. Comparative figures for the quarter ended June 2025 were furnished by the management and were not reviewed by the auditors. Provisions for income tax and deferred tax will be made at the end of the financial year.