Outcome of Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.3 pts less than Nifty Microcap 250 and 0.6 pts less than its Plywood Boards/ Laminates peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Adhata Global Limited's board approved audited financial results for Q4 and FY ended March 31, 2025. Revenue from operations rose to Rs 534.72 lakhs vs Rs 498.87 lakhs in FY24 (about 7% growth), but the company posted a net loss of Rs 15.39 lakhs for the year, narrowing from a Rs 92.54 lakhs loss in FY24. Q4 FY25 swung to a profit of Rs 6.03 lakhs, aided by a Rs 40 lakh exceptional item. The statutory auditor P.K. Ajitsaria & Co. resigned (peer review certificate expiring), Heliwal & Associates was named internal auditor, and the board approved a preferential issue of up to 20 lakh convertible warrants at Rs 50 each, raising up to Rs 10 crore from promoter group/public. Company Secretary Bina Padia also resigned with immediate effect.
Sharper loss reduction is a positive signal, but operating cash flow remained negative at Rs -115.44 lakhs and total debt is Rs 3.10 crores against negative other equity, keeping financial health weak. Promoter group holding will dilute sharply from 60.35% to 29.78% post-warrant conversion, while the auditor and CS resignations may raise governance concerns for shareholders.