Priya Limited Reports Significant Losses and NPA Status Amid Ongoing Financial Challenges Oct 10, 2025
Priya Limited's Q3 results reveal severe financial distress with a net loss of Rs 94.56 lakh and negative net worth of Rs 5,084.66 lakh. The company has ceased operations, closed branches, and laid off most employees. Three major banks have declared Priya Limited's accounts as NPAs and labeled the company and its leadership as willful defaulters. Property auctions and a one-time settlement proposal are underway to address debts. Auditors have issued an adverse opinion, citing concerns about doubtful debts and related party transactions. Two related companies have initiated insolvency proceedings.