Garlon Polyfab Industries Ltd
Please find attached herewith Financial Results for the Quarter ending March, 2023.
RESULTS
▼ Concern Flagged
HIGH RISK
📅 Filed on BSE: 27 Jun 2026, 03:31 PM IST · BSE ID: a5f23855-91f6-4f4d-89f0-cdec6d26119f
View Original BSE Filing (PDF)
💡
In Simple Terms
Garlon Polyfab reported its latest financial numbers, showing negative reserves and minimal assets, with unchanged share capital.
🤖 AI Summary
- Garlon Polyfab Industries Limited approved Audited Financial Results for the quarter and year ended March 31, 2023.
- Reserves and Surplus for Garlon Polyfab stood at -658.43 Lacs as of March 31, 2023.
- The company reported Total Assets of 6.13 Lacs for the year ended March 31, 2023.
- Share Capital was maintained at 461.32 Lacs, while Short Term Borrowings were 193.36 Lacs.
- The Auditor's Report contained an unmodified opinion on the financial results.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Reserves and Surplus (March 31, 2023)
-658.43 Lacs
Reserves and Surplus (March 31, 2022)
-655.89 Lacs
Total Assets (March 31, 2023)
6.13 Lacs
Total Assets (March 31, 2022)
6.06 Lacs
Share Capital (March 31, 2023)
461.32 Lacs
Short Term Borrowings (March 31, 2023)
193.36 Lacs
Shareholders Fund (March 31, 2023)
-197.11 Lacs
🏢 How This Affects the Company
The company's Reserves and Surplus remained negative at -658.43 Lacs. Total Assets increased slightly to 6.13 Lacs from 6.06 Lacs, primarily supported by Short Term Borrowings of 193.36 Lacs.
The continued negative Reserves and Surplus of -658.43 Lacs indicates accumulated losses, which could pose a risk to the company's long-term financial stability and operational viability.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders based on this financial results filing.
👤
Who Is Affected
All shareholders are affected by the company's financial performance, particularly the sustained negative Reserves and Surplus of -658.43 Lacs and negative Shareholders' Fund of -197.11 Lacs, indicating erosion of shareholder equity.
🔍
Management Signal
The approval of results with an unmodified audit opinion, despite continued negative reserves, indicates management's adherence to regulatory disclosure requirements.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q1 FY24 financial results — review changes in Reserves and Surplus.
Company's annual report for FY23 — examine detailed financial statements.
Future disclosures on operational updates or business plans.
HIGH RISK
Sustained negative Reserves and Surplus, coupled with negative Shareholders' Fund, indicates significant financial risk.
💡 Investor Takeaway
Garlon Polyfab Industries Ltd. reported Audited Financial Results for Q4 FY23 with Reserves and Surplus at -658.43 Lacs. Total Assets stood at 6.13 Lacs, and Share Capital was 461.32 Lacs. The company's Shareholders' Fund remained negative at -197.11 Lacs.
⚖️ Strengths & Concerns
✅ Positives
- Auditor's Report confirmed an unmodified opinion on the Standalone Financial Results for the year ended March 31, 2023.
- Total Assets showed a slight increase to 6.13 Lacs as of March 31, 2023, from 6.06 Lacs in the prior year.
⚠️ Concerns
- Reserves and Surplus were significantly negative at -658.43 Lacs for the year ended March 31, 2023, deteriorating from -655.89 Lacs previously.
- The company continues to report a negative Shareholders' Fund of -197.11 Lacs as of March 31, 2023.
📅 Company Track Record
Previous filings for Garlon Polyfab show negative Reserves and Surplus for FY24 at -662.83 Lacs and a net loss of (0.39) Lacs for the June 2022 quarter, consistently reflecting financial challenges with minimal operational income.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What were Garlon Polyfab's Reserves and Surplus for the year ended March 31, 2023?
Garlon Polyfab Industries Ltd. reported Reserves and Surplus of -658.43 Lacs for the year ended March 31, 2023.
What was Garlon Polyfab's Total Assets as of March 31, 2023?
Total Assets for Garlon Polyfab Industries Ltd. stood at 6.13 Lacs as of March 31, 2023.
What was the Share Capital of Garlon Polyfab on March 31, 2023?
Garlon Polyfab Industries Ltd. had a Share Capital of 461.32 Lacs as of March 31, 2023.
What was the Shareholders' Fund for Garlon Polyfab at the end of Q4 FY23?
The Shareholders' Fund for Garlon Polyfab Industries Ltd. was -197.11 Lacs for the year ended March 31, 2023.
Questions based on this BSE filing only. For information purposes.