IGC Industries
2.13
+0.01(+0.47%)
Market Cap₹7.43 Cr
PE Ratio-0.42
Company Performance:
1D+0.47%
1M-6.58%
6M+0.47%
1Y-45.52%
5Y-88.80%
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More news about IGC Industries
20Sept 25
IGC Industries Appoints Logistics Veteran Manoj Kumar Jhawar as Additional Executive Director
IGC Industries Limited has appointed Mr. Manoj Kumar Jhawar as an Additional Executive Director, effective September 20, 2025, subject to shareholder approval. Mr. Jhawar brings over 15 years of experience in the logistics industry, with expertise in commercial operations, market development, business strategies, supply chain management, procurement, and distribution networks. He holds a Bachelor's degree in Commerce and is not related to any existing directors of the company.
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14Aug 25
IGC Industries Limited's Statutory Auditors Resign Amid Financial Concerns
IGC Industries Limited's statutory auditors, ADV & Associates, resigned on August 14, 2025, citing significant financial issues. Key concerns include misuse of Rights Issue proceeds, unexplained payments, potential rule violations regarding deposits, and doubts about the company's ability to continue as a going concern. The company reported zero revenue and minimal activity in recent quarters.
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14Aug 25
IGC Industries Faces Financial Scrutiny as Auditors Resign Amid Concerns
IGC Industries Limited is experiencing severe financial difficulties and regulatory scrutiny. The company's statutory auditors, M/s ADV & Associates, resigned on August 14, 2025, after issuing a disclaimer of opinion on the Q1 FY2026 financial results. Key concerns include questionable use of rights issue proceeds, unexplained payments, potential rule violations, and doubts about the company's ability to continue as a going concern. The company reported zero revenue and a marginal loss for Q1 FY2026, following a net loss of ₹6.17 crore in FY2024-25. A rights issue in November 2024 increased the paid-up equity share capital to ₹3,472.00 crore. The situation is likely to attract regulatory attention from SEBI and the Ministry of Corporate Affairs.
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IGC Industries
2.13
+0.01
(+0.47%)
1 Year Returns:-45.52%
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