Garlon Polyfab Industries Ltd
Please find attached herewith Financial Results for the quarter ending 31st March 2024
RESULTS
▼ Concern Flagged
HIGH RISK
📅 Filed on BSE: 05 Jun 2026, 06:42 PM IST · BSE ID: 7d17b7a0-2112-4284-b2dd-6fa2ec8a7621
View Original BSE Filing (PDF)
💡
In Simple Terms
Garlon Polyfab released its year-end financial statement, showing total company assets of 5.98 Lacs.
🤖 AI Summary
- Garlon Polyfab Industries Ltd. filed its audited Standalone Financial Results for the quarter and year ended March 31, 2024.
- Total Assets for the company were reported at 5.98 Lacs as of March 31, 2024.
- Share Capital was 461.32 Lacs, while Reserves and Surplus were -662.83 Lacs as of the year-end.
- The company's Total Equity and Liabilities matched Total Assets at 5.98 Lacs for the period.
- Current Liabilities amounted to 207.49 Lacs as of March 31, 2024.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Total Assets (31/03/2024)
5.98 Lacs
Total Assets (31/03/2023)
6.13 Lacs
Share Capital (31/03/2024)
461.32 Lacs
Reserves and Surplus (31/03/2024)
-662.83 Lacs
Reserves and Surplus (31/03/2023)
-658.43 Lacs
Current Liabilities (31/03/2024)
207.49 Lacs
🏢 How This Affects the Company
The company's Total Assets decreased slightly to 5.98 Lacs from 6.13 Lacs in the previous year. Reserves and Surplus showed a negative balance of -662.83 Lacs, further reducing from -658.43 Lacs.
The continued negative balance in Reserves and Surplus, which further declined, indicates sustained financial challenges for the company.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders based on this filing.
👤
Who Is Affected
Shareholders are indirectly affected by the company's financial health, as the negative and decreasing Reserves and Surplus impact the book value of their equity.
🔍
Management Signal
The financial statements reveal management's ongoing challenge in improving the company's asset base and addressing the negative reserves.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q1 FY25 results — assess any changes in assets and liabilities structure.
Subsequent financial disclosures — look for strategies to address negative reserves.
Operational updates — track any developments in revenue generation or business activities.
HIGH RISK
Persistent negative and declining reserves and surplus, coupled with decreasing total assets.
💡 Investor Takeaway
Garlon Polyfab Industries Ltd. concluded FY24 with Total Assets of 5.98 Lacs, down from 6.13 Lacs in FY23. Reserves and Surplus declined further to -662.83 Lacs from -658.43 Lacs, indicating sustained financial pressures.
⚖️ Strengths & Concerns
⚠️ Concerns
- Reserves and Surplus for the company continued to be negative at -662.83 Lacs for the year ended March 31, 2024, down from -658.43 Lacs previously.
- Total Assets decreased to 5.98 Lacs as of March 31, 2024, from 6.13 Lacs recorded on March 31, 2023.
📅 Company Track Record
Previous filings indicated Garlon Polyfab reported Nil operational income and net losses for Q1 FY25 (0.62 Lacs), Q2 FY25 (0.62 Lacs), Q3 FY25 (0.78 Lacs), and Q4 FY25 (1.50 million). The company has consistently shown minimal to no operational income and continued losses across recent quarters.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What were Garlon Polyfab Industries Ltd.'s Total Assets as of March 31, 2024?
Garlon Polyfab Industries Ltd.'s Total Assets stood at 5.98 Lacs as of March 31, 2024.
What was the value of Reserves and Surplus for Garlon Polyfab Industries Ltd. at FY24 end?
The Reserves and Surplus for Garlon Polyfab Industries Ltd. were -662.83 Lacs as of March 31, 2024.
How did Garlon Polyfab's Total Assets change from the previous year?
Total Assets decreased to 5.98 Lacs as of March 31, 2024, from 6.13 Lacs on March 31, 2023.
What was Garlon Polyfab Industries Ltd.'s Share Capital as of March 31, 2024?
The Share Capital of Garlon Polyfab Industries Ltd. was 461.32 Lacs as of March 31, 2024.
Questions based on this BSE filing only. For information purposes.