Outcome of board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board of Afloat Enterprises Limited (formerly Adishakti Loha and Ispat Limited) met on May 22, 2025 and approved the audited standalone financial results for the half year and full year ended March 31, 2025. Statutory auditor V.N. Purohit & Co. issued an unmodified (clean) opinion on the annual results, and the half-year figures were subjected to limited review. The board also appointed M/s G Aakash & Associates as Secretarial Auditor for five years (FY2025-26 to FY2029-30) and M/s Shweta Goel & Co. as Internal Auditor for FY2025-26. The company confirmed there was no deviation in the use of Rs. 2.56 crore raised through 80 lakh preferential warrants, with proceeds earmarked for working capital and general corporate purposes. Related party transactions for the year were also disclosed under SEBI regulation.
A clean audit opinion and confirmation of proper use of warrant proceeds are positive signals for retail investors, reflecting sound financial reporting and governance. The new auditor appointments add an extra layer of independent oversight, though specific revenue and profit figures were not clearly readable from the filing.