What’s new

• Net loss widened to ₹68.45 lakh from ₹25.22 lakh, with zero operating revenue
• Auditor flagged unconfirmed borrowings of ₹255.28 lakh and loans of ₹132.34 lakh
• Accumulated losses of ₹2,440.13 lakh have fully eroded net worth

Why it matters

Riwind Green Energy has no operating revenue, relies on other income of ₹11.46 lakh, and its auditor has cast material uncertainty on its ability to continue as a going concern. The accumulated losses exceed the company's ₹21 crore market cap, leaving shareholders with a business that may not survive without a capital injection or restructuring.

What we’re watching

• Whether the company can resolve the unconfirmed borrowings and loans
• Any follow-up on the authorised capital increase from ₹30 crore to ₹2,500 crore
• Potential fundraising or business plan to address going concern doubts

The full read

Riwind Green Energy, formerly CMX Holdings, reported a net loss of ₹68.45 lakh for the year ended March 31, 2026, compared with a loss of ₹25.22 lakh a year ago. Operating revenue was zero. The sole income was ₹11.46 lakh from other sources. The auditor appended a qualified opinion, flagging unconfirmed unsecured borrowings of ₹255.28 lakh and loans and advances of ₹132.34 lakh. More critically, accumulated losses of ₹2,440.13 lakh have completely eroded net worth, and the auditor sees material uncertainty about the company's ability to continue as a going concern. Against a market cap of ₹21 crore, these losses more than wipe out equity. Shareholders did approve a massive authorised capital increase from ₹30 crore to ₹2,500 crore, but related statutory formalities are still pending. Without a clear plan to resolve the borrowings or bring in new business, the qualified opinion is not a footnote — it's the story.

Primary source: BSE · NSE