Latest news about Thakral Services
Thakral Services
12.77
-0.33(-2.52%)
Company Performance:
View Company Insights1D-2.52%
1M-26.99%
6M-5.55%
1Y+41.89%
5Y+121.32%
More news about Thakral Services
12Nov 25
Thakral Services Reports Negative Net Worth Amid Ongoing Financial Challenges
Thakral Services (India) Limited has released unaudited financial results for Q2 2025, revealing accumulated losses of Rs. 1,286.76 lakhs and a negative net worth of Rs. 934.71 lakhs. The company faces an EPFO recovery order of Rs. 60.36 lakhs and has transferred its current business operations to Thakral Innovation Private Limited. Auditors have issued a qualified review report, highlighting concerns about the EPFO liability, interest-free loans, and the company's ability to continue as a going concern. Despite these challenges, management remains optimistic about future business prospects and has obtained support letters from shareholders and lenders.
26Sept 25
Thakral Services Shareholders Approve Key Appointments at 42nd AGM
Thakral Services (India) Limited has made significant management changes at its 42nd Annual General Meeting. Mrs. Nirmala Sridhar has been re-appointed as Managing Director for a one-year term from October 1, 2025, to September 30, 2026. The company also appointed M/s. Somy Jacob & Associates as the Secretarial Auditor for five consecutive years starting from FY 2025-2026. The AGM was held virtually on September 26, 2025.
12Aug 25
Thakral Services Reports Q1 FY2026 Loss, Faces Going Concern Issues Amid Board Approvals
Thakral Services (India) Limited reported a net loss of ₹7.51 lakhs for Q1 FY2026, despite revenue growth to ₹14.33 lakhs. The company faces significant financial challenges with accumulated losses of ₹1,275.67 lakhs, eroding its net worth. Thakral transferred its operations to Thakral Innovation Private Limited in October 2023. The board approved Q1 results, set the AGM date, and re-appointed Mrs. Nirmala Sridhar as Managing Director. Auditors raised concerns about an EPFO recovery order and improper loan accounting. An additional tax demand of ₹16.37 lakhs remains unaddressed in the financial statements.
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