Williamson Magor Reports Profit in Q1 Amid Ongoing Financial Challenges
Williamson Magor & Co. Limited reported a profit of Rs. 17,683.00 thousand for the quarter ended June 30, a significant turnaround from a loss of Rs. 2,069,043.00 thousand in the same quarter last year. Total income increased to Rs. 12,881.00 thousand from Rs. 5,082.00 thousand. However, the company continues to face challenges including negative net worth, cancelled NBFC registration, debt defaults, and ongoing legal proceedings with creditors. The management remains confident in the company's ability to continue as a going concern, citing ongoing discussions with lenders and measures to improve cash flows.
29Jul 25
Williamson Magor & Co. Announces Board Changes: Debasish Lahiri Resigns, Amit Dey Appointed
Williamson Magor & Co. Limited has made significant changes to its board of directors. Debasish Lahiri has resigned as Non-Executive Director due to personal commitments, effective July 29, 2025. Amit Dey has been appointed as an Additional Director in a Non-Executive and Non-Independent capacity, also effective July 29, 2025. Dey, approximately 46 years old, holds a Bachelor's Degree in Commerce and has over 20 years of experience in Accounts and Purchase Departments.