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Setubandhan Infra FY25 Results: Net Loss of ₹1.51 Cr Amid Ongoing Insolvency & Audit Qualifications
Setubandhan Infrastructure reported a net loss of ₹1.51 crore for the financial year ended March 31, 2025, on a total income of just ₹23.22 lakhs. The company is currently undergoing a Corporate Insolvency Resolution Process (CIRP), and the NCLT rejected its previously approved resolution plan in March 2025. Significant audit qualifications exist due to the non-availability of bank statements and financial records from the suspended management. An appeal against the NCLT's rejection is currently pending before the NCLAT, leaving the company's future uncertain.
Key Highlights
Reported a Net Loss of ₹1.51 crore for FY25 against a total income of ₹23.22 lakhs.
Total Assets and Liabilities are reported at ₹169.70 crore, though values are not revalued as per CIRP requirements.
The NCLT Mumbai Bench rejected the CoC-approved resolution plan on March 24, 2025.
Auditors issued a qualified opinion due to missing bank statements and lack of balance confirmations for assets/liabilities.
An appeal against the resolution plan rejection was filed with the NCLAT on July 09, 2025, and is currently sub-judice.
💼 Action for Investors
Investors should remain extremely cautious as the company is in a critical stage of insolvency with a rejected resolution plan. The lack of reliable financial data and ongoing legal battles at NCLAT suggest a high risk of total capital loss.
Setubandhan Infra Reports FY25 Net Loss of ₹1.51 Cr Amid NCLT Resolution Plan Rejection
Setubandhan Infrastructure is currently undergoing a Corporate Insolvency Resolution Process (CIRP) following the rejection of its resolution plan by the NCLT in March 2025. For the financial year ended March 31, 2025, the company reported a net loss of ₹1.51 crores on a minimal turnover of ₹23.22 lakhs. The Resolution Professional (RP) has highlighted significant challenges, including the suspended management's failure to provide essential books of accounts and bank statements. An appeal against the NCLT's rejection order is currently pending before the NCLAT, leaving the company's future highly uncertain.
Key Highlights
Reported a net loss of ₹1.51 crores and a total turnover of ₹23.22 lakhs for FY 2024-25.
The NCLT Mumbai Bench rejected the company's Resolution Plan on March 24, 2025.
An appeal against the plan rejection was filed with the NCLAT on July 09, 2025, and remains sub-judice.
Auditors issued a qualified opinion due to missing balance confirmations, bank statements, and lack of asset revaluation.
Total assets and liabilities are carried at historical values of ₹169.70 crores without restatement for CIRP claims.
💼 Action for Investors
Investors should exercise extreme caution as the company is in insolvency and its resolution plan has been rejected, posing a high risk of liquidation. The lack of reliable financial records and ongoing legal battles suggest significant risk to any remaining equity value.
Setubandhan Infrastructure Delays Q3 FY26 Results Due to CIRP and Data Unavailability
Setubandhan Infrastructure Limited has failed to submit its financial results for the quarter ended December 31, 2025, citing the ongoing Corporate Insolvency Resolution Process (CIRP). The Resolution Professional (RP) stated that essential financial records and books of accounts have not been made available despite repeated efforts, preventing the finalization of statements. This follows a March 24, 2025, NCLT order that rejected a previously approved resolution plan, which is now under appeal at the NCLAT. The company remains in a state of severe legal and operational distress with no clear timeline for financial reporting.
Key Highlights
Non-submission of financial results for the quarter ended December 31, 2025, violating SEBI LODR Regulation 33.
Company has been under CIRP since the NCLT order dated November 28, 2022, initiated by State Bank of India.
NCLT rejected the proposed Resolution Plan on March 24, 2025; an appeal was filed with NCLAT on July 9, 2025.
Resolution Professional reports that books of accounts and relevant data are currently unavailable for compilation.
The matter remains pending adjudication before the NCLAT, leaving the company's future uncertain.
💼 Action for Investors
Investors should exercise extreme caution as the company is in insolvency and lacks basic financial transparency. The rejection of the resolution plan and unavailability of records indicate a high risk of total capital loss.
Setubandhan Infrastructure Fails to Submit Q3 FY26 Results Amid Ongoing Insolvency Proceedings
Setubandhan Infrastructure has failed to submit its unaudited financial results for the quarter ended December 31, 2025, as required by SEBI LODR regulations. The company is currently under the Corporate Insolvency Resolution Process (CIRP) following an application by State Bank of India in late 2022. The Resolution Professional (RP) reports that financial records and books of accounts are unavailable, preventing the finalization of statements. Additionally, the NCLT rejected a previously approved resolution plan on March 24, 2025, and an appeal is currently pending before the NCLAT.
Key Highlights
Non-submission of financial results for the quarter ended December 31, 2025, due to unavailable financial records.
NCLT Mumbai Bench rejected the company's proposed Resolution Plan on March 24, 2025.
An appeal against the plan rejection was filed with the NCLAT on July 9, 2025, and remains pending.
The company has been under the Corporate Insolvency Resolution Process since November 28, 2022.
Resolution Professional is unable to compile or review financial statements as books of accounts have not been provided.
💼 Action for Investors
Investors should exercise extreme caution as the company faces severe legal hurdles and a lack of financial transparency. The rejection of the resolution plan and missing financial data indicate a high risk of liquidation or total loss of equity value.