CMX Holdings Reports ₹750.72 Thousand Loss in Q1, Faces Ongoing Financial Challenges
CMX Holdings Limited (formerly Siel Financial Services) reported a net loss of ₹750.72 thousand for Q1 ended June 30, up from ₹25.94 thousand loss in the same quarter last year. Total income was ₹450.00 thousand, with no operational revenue. Expenses rose to ₹1,200.72 thousand. Accumulated losses reached ₹1,70,813.94 thousand, eroding net worth. The company faces operational restrictions and severe fund constraints. A Share Purchase Agreement for 51.75% stake and an open offer for 26% equity are in progress. Auditors highlighted concerns about the company's ability to continue as a going concern.