1. The Audited Standalone and Consolidated Financial Results for the Quarter and year ended March 31, 2025 along with the copy of Auditors Report on Audited Standalone and Consolidated ....
Awaiting price reaction for this filing.
The Board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with an unmodified (clean) auditor's opinion from M/s Bharat Shah & Associates. For FY25 on a standalone basis, total income was Rs. 73.03 lakhs vs Rs. 71.70 lakhs in FY24, but the company reported a net loss of Rs. 3.29 lakhs (vs Rs. 3.78 lakhs loss in FY24), with EPS of Rs. (0.10). On a consolidated basis (including KLG Stock Brokers Pvt Ltd subsidiary), the net loss was Rs. 3.85 lakhs. Standalone operating cash flow turned negative at Rs. (7.32) lakhs compared to a positive Rs. 3.99 lakhs in FY24. Additionally, the Board appointed Mr. V. Ramanan (aged 83) as an Additional Non-Executive Non-Independent Director and accepted the resignation of Mrs. Heeral Mandani as Non-Executive Independent Director, both effective May 30, 2025.
The company remains in losses with negligible revenue base (~Rs. 73 lakhs) and deteriorating standalone operating cash flows, which may concern shareholders looking for profitability. The director changes (an 83-year-old non-independent appointee replacing an independent woman director) could raise governance questions for retail investors.