Shyam Telecom Reports Zero Revenue and ₹394.58 Lakh Net Loss in Q1
Shyam Telecom Limited reported no revenue from operations and a net loss of ₹394.58 lakh in the first quarter. The company's only income was ₹3.57 lakh from other sources, while total expenses reached ₹398.29 lakh. The financial results reveal a fully eroded net worth and current liabilities exceeding current assets. Despite these challenges, management continues to prepare financial statements on a going concern basis. The company also announced arrangements for its 32nd Annual General Meeting, including e-voting processes.