GEE Limited Reports Rs 924 Crore Loss in FY2025, Appoints New Auditors
GEE Limited, a welding consumables manufacturer, reported a net loss of Rs 924.03 crore for FY2025, compared to a profit of Rs 1,285.57 crore in FY2024. Revenue from operations decreased to Rs 33,383.50 crore from Rs 36,914.30 crore. Total expenses increased to Rs 34,607.10 crore. The company made changes in corporate governance, including appointing new internal and cost auditors. Auditors highlighted disputed tax matters and additional provisions on receivables and advances.
GEE Limited (BSE: 504028) has postponed its Board of Directors meeting, originally scheduled for July 23, 2025, due to unforeseen circumstances. The meeting was to discuss and approve Q2 2025 financial results. The company will announce a new date later. The trading window for company securities remains closed until 48 hours after the Q2 2025 results announcement, in compliance with SEBI regulations.