Charu Sharma, Company Secretary and Compliance Officer of Meyer Apparel Limited, has resigned effective September 5, 2025. The company's Q1 2025 results show a net loss of Rs. 18.72 lakhs, with revenue dropping to Rs. 8.02 lakhs from Rs. 30.62 lakhs in Q1 2024. Meyer Apparel faces financial challenges with accumulated losses of Rs. 6,236.79 lakhs and negative net worth of Rs. 3,297.12 lakhs as of June 30, 2025. Despite these issues, management remains confident in continuing operations.
07Aug 25
Meyer Apparel Reports Q1 Loss, Company Secretary Resigns
Meyer Apparel Limited reported a net loss of Rs 18.72 lakhs for Q1 ended June 30, 2025, with revenue declining to Rs 8.02 lakhs. The company's financial position remains precarious with accumulated losses of Rs 6,236.79 lakhs and negative net worth. Ms. Charu Sharma, Company Secretary and Compliance Officer, has resigned effective September 5, 2025. Auditors highlighted material uncertainty regarding the company's ability to continue as a going concern.
07Aug 25
Meyer Apparel Reports Q1 Loss and Company Secretary Resignation
Meyer Apparel Limited reported a 73.8% decline in revenue for Q1 2025, with figures dropping from ₹30.62 lakhs to ₹8.02 lakhs. Net loss decreased to ₹18.72 lakhs from ₹27.33 lakhs in Q1 2024. The company faces financial challenges with accumulated losses of ₹6,236.79 lakhs and negative net worth of ₹3,297.12 lakhs. Ms. Charu Sharma, Company Secretary and Compliance Officer, has resigned effective September 5, 2025, or earlier.