Garlon Polyfab Industries Ltd
Please find attached herewith Financial Results for the Quarter ending March, 2024.
RESULTS
▼ Concern Flagged
HIGH RISK
📅 Filed on BSE: 27 Jun 2026, 03:39 PM IST · BSE ID: 35ee4b3e-1b6b-40fa-b8a3-43b847133d6b
View Original BSE Filing (PDF)
💡
In Simple Terms
The company reported its audited financial results for March 2024, showing an unmodified auditor opinion and negative reserves.
🤖 AI Summary
- Garlon Polyfab Industries Ltd submitted Audited Financial Results for the Quarter and Year ended March 31, 2024.
- The Board of Directors approved the financial results at a meeting held on May 29, 2024.
- The Independent Auditor's Report for the year ended March 31, 2024, contained an unmodified opinion.
- The company reported Standalone Total Assets of 5.98 Lacs as of March 31, 2024.
- Reserves and Surplus reflected a negative balance of -662.83 Lacs for the year ended March 31, 2024.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Reserves and Surplus (31/03/2024)
-662.83 Lacs
Reserves and Surplus (31/03/2023)
-658.43 Lacs
Total Assets (31/03/2024)
5.98 Lacs
Total Assets (31/03/2023)
6.13 Lacs
Current Liabilities (31/03/2024)
207.49 Lacs
Current Liabilities (31/03/2023)
203.24 Lacs
🏢 How This Affects the Company
The company reported negative Reserves and Surplus of -662.83 Lacs for the year ended March 31, 2024, indicating accumulated losses. Current liabilities of 207.49 Lacs exceeded total assets of 5.98 Lacs.
The sustained negative Reserves and Surplus, coupled with current liabilities exceeding total assets, highlights financial stability concerns.
👥 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 net loss and deteriorating Reserves and Surplus balance, impacting intrinsic value.
🔍
Management Signal
The management's submission of these results indicates compliance with regulatory requirements, acknowledging the current financial position.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q1 FY25 financial results — monitor for any operational income or profit improvements.
Next balance sheet disclosure — assess changes in Reserves and Surplus.
Future auditor reports — verify continued unmodified opinions amidst financial challenges.
HIGH RISK
Persistent negative Reserves and Surplus and high current liabilities relative to assets indicate severe financial distress.
💡 Investor Takeaway
Garlon Polyfab Industries Ltd reported audited financial results for March 31, 2024, with an unmodified auditor opinion. Reserves and Surplus stood at -662.83 Lacs, further deteriorating from -658.43 Lacs. Total Assets were 5.98 Lacs, while Current Liabilities reached 207.49 Lacs.
⚖️ Strengths & Concerns
⚠️ Concerns
- Reserves and Surplus show a negative balance of -662.83 Lacs for the year ended March 31, 2024, deteriorating from -658.43 Lacs in the previous year.
- Total Assets stand at 5.98 Lacs, while Current Liabilities are 207.49 Lacs, indicating a significant imbalance.
📅 Company Track Record
Garlon Polyfab Industries has consistently reported losses and zero or negligible operational income in recent filings. The company reported a net loss of (0.88) Lacs for Q4 FY21 and (0.39) Lacs for Q1 FY22, alongside negative cash flow from operating activities of -788.02 (Hundreds) for FY22.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Garlon Polyfab Industries Ltd's Reserves and Surplus for the year ended March 31, 2024?
Garlon Polyfab Industries Ltd reported Reserves and Surplus of -662.83 Lacs for the year ended March 31, 2024, compared to -658.43 Lacs in the previous year.
What were the Total Assets of Garlon Polyfab Industries Ltd as of March 31, 2024?
As of March 31, 2024, Garlon Polyfab Industries Ltd's Standalone Total Assets were 5.98 Lacs.
What was the status of the auditor's opinion for Garlon Polyfab Industries Ltd's FY24 results?
The Auditor's Report on Garlon Polyfab Industries Ltd's Standalone Financial Results for the year ended March 31, 2024, contained an unmodified opinion.
What were the Current Liabilities of Garlon Polyfab Industries Ltd as of March 31, 2024?
Garlon Polyfab Industries Ltd's Current Liabilities stood at 207.49 Lacs as of March 31, 2024.
Questions based on this BSE filing only. For information purposes.