Outcome of Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The board approved standalone audited financial results for Q4 and FY ended 31st March 2025, along with appointing a new Secretarial Auditor (Jitendra Parmar & Associates) for FY24-25 and a new Internal Auditor (B B Gusani & Associates) for FY25-26. The company reported a net loss of ₹14.21 lakhs in FY25, sharply wider than the ₹3.37 lakh loss in FY24, on total income of just ₹0.21 lakhs. Total expenses stood at ₹14.42 lakhs and the company's net worth is in the red at negative ₹14.31 lakhs, against a small positive of negative ₹0.10 lakhs a year ago. The statutory auditor (D G M S & Co.) issued an unmodified (clean) opinion, and operating cash flow was negative at ₹9.29 lakhs, funded partly by ₹6.94 lakhs from financing activities.
Shareholders should note the widening losses, negative net worth, and near-zero revenue raise serious concerns about the company's viability, though the auditor's unmodified opinion provides some reassurance. The stock remains a high-risk, thinly-traded micro-cap with no clear path to profitability disclosed in this filing.