Kotia Enterprises Reports Net Loss of ₹5.45 Crores in Q1, Sees Significant Gains in Comprehensive Income
Kotia Enterprises Limited reported a net loss of ₹5.45 crores for Q1, slightly higher than the ₹5.09 crores loss in the same period last year. The company had no revenue from operations, compared to ₹12.88 crores in the previous year. Other income was ₹7.83 crores. Total expenses decreased to ₹13.27 crores from ₹27.27 crores. Despite the net loss, total comprehensive income improved significantly to ₹16.08 crores, primarily due to gains from re-measurement of equity instruments. The company's net worth increased to ₹38.67 crores, requiring compliance with SEBI regulations on related party transaction disclosures.
Manoj Kumar Bansal, Managing Director of Kotia Enterprises Limited, has resigned citing personal reasons and professional commitments. His resignation will be effective from July 23, 2025. The Board of Directors acknowledged Bansal's contributions and has not yet announced a successor. The company, listed on BSE and MSEI, made this announcement in compliance with SEBI regulations.