Garlon Polyfab Industries Ltd
Please find attached herewith financial results for quarter ended March 2024
RESULTS
▼ Concern Flagged
HIGH RISK
📅 Filed on BSE: 09 Jun 2026, 12:13 PM IST · BSE ID: 5a4bd0c9-d226-410d-93a4-127514e74435
View Original BSE Filing (PDF)
💡
In Simple Terms
Garlon Polyfab reported its latest financial numbers, showing its total company value at 5.98 Lacs, with more liabilities than assets.
🤖 AI Summary
- Garlon Polyfab Industries Ltd announced unaudited standalone financial results for the quarter ended March 31, 2024.
- Total Assets for the company were reported at 5.98 Lacs as of March 31, 2024.
- Share Capital stood at 461.32 Lacs, with Reserves and Surplus at -662.83 Lacs.
- Total Equity and Liabilities matched Total Assets at 5.98 Lacs for the period.
- The Board of Directors approved these results on May 29, 2024, during their meeting.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Total Assets (as of 31/03/2024)
5.98 Lacs
Total Assets (as of 31/03/2023)
6.13 Lacs
Share Capital
461.32 Lacs
Reserves and Surplus
-662.83 Lacs
Shareholders Fund
-201.51 Lacs
Cash and Cash equivalents
0.22 Lacs
Short term borrowings
196.76 Lacs
🏢 How This Affects the Company
The company's net worth, represented by Shareholders Fund, stands at -201.51 Lacs as of March 31, 2024, indicating accumulated losses exceeding equity.
The negative Shareholders Fund and minimal cash and cash equivalents of 0.22 Lacs highlight significant financial instability and going concern risks for the company.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders based on this financial results filing.
👤
Who Is Affected
All existing shareholders are affected by the company's reported negative Shareholders Fund of -201.51 Lacs, reflecting erosion of equity value.
🔍
Management Signal
The approval of results with a negative net worth signals management's transparency in reporting the current financial position, despite the challenges.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Next annual report for detailed financial performance and auditor's going concern assessment.
Any future filings related to business operations or capital restructuring plans.
Statements regarding plans to address the negative net worth and liquidity issues.
HIGH RISK
The company's negative Shareholders Fund and minimal cash indicate severe financial distress and going concern risk.
💡 Investor Takeaway
Garlon Polyfab Industries Ltd reported total assets of 5.98 Lacs and a negative Shareholders Fund of -201.51 Lacs for the quarter ended March 31, 2024. Cash and Cash equivalents were 0.22 Lacs, indicating significant financial challenges.
⚖️ Strengths & Concerns
⚠️ Concerns
- Shareholders Fund (net worth) is negative at -201.51 Lacs, indicating liabilities exceed assets and substantial accumulated losses.
- Cash and Cash equivalents are minimal at 0.22 Lacs, suggesting very limited liquidity for immediate operational needs.
📅 Company Track Record
Previous filings showed Garlon Polyfab reported net losses in Q4 FY2022 (without specific figures), a (2.41) Lacs net loss in Q4 FY2020 with zero operational revenue, and a (0.70) Lacs net loss in Q4 FY2019, also with zero operational income. Q4 FY2017 showed a (38,98,998) Rupees net loss.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What were Garlon Polyfab Industries Ltd's total assets for the quarter ended March 31, 2024?
Garlon Polyfab Industries Ltd reported total assets of 5.98 Lacs for the quarter ended March 31, 2024.
What was Garlon Polyfab Industries Ltd's Shareholders Fund as of March 31, 2024?
The Shareholders Fund for Garlon Polyfab Industries Ltd was -201.51 Lacs as of March 31, 2024.
What was Garlon Polyfab Industries Ltd's cash and cash equivalents for the quarter ended March 31, 2024?
Garlon Polyfab Industries Ltd reported Cash and Cash equivalents of 0.22 Lacs for the quarter ended March 31, 2024.
What was Garlon Polyfab Industries Ltd's Share Capital as of March 31, 2024?
Garlon Polyfab Industries Ltd's Share Capital stood at 461.32 Lacs as of March 31, 2024.
Questions based on this BSE filing only. For information purposes.