Ambitious Plastomac Company Limited released unaudited financial results for Q2 2025, with auditors raising concerns over unprovided tax liabilities. The company failed to account for Rs. 6.13 lakh in interest on income tax liability and has outstanding tax demands of Rs. 5.34 lakh. These oversights led to an overstatement of profit by Rs. 6.13 lakh and an understatement of balance sheet items by Rs. 11.47 lakh. The auditors noted non-compliance with Indian Accounting Standard 12 on Income Taxes. The company affirmed its commitment to regulatory compliance and will publish the results as per SEBI regulations.
05Aug 25
Ambitious Plastomac Sets Board Meeting to Discuss Q2 Results and Capital Raising Plans
Ambitious Plastomac Company Limited has scheduled a board meeting for August 11, 2025, to review Q2 financial results and discuss potential capital raising initiatives. The agenda includes considering an increase in authorized share capital and exploring various fund-raising options such as preferential issue of securities and qualified institutions placement. The company plans to seek shareholder approval for these proposals. A trading window closure is in effect from July 1, 2025, until 48 hours after the quarterly results are made public.