Filing of Revised Outcome of the Board Meeting held on 27th May, 2025 due to the attachment of Incorrect Version of Auditor''s Report with Financial Results.
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Awaiting price reaction for this filing.
Advance Metering Technology Ltd has re-submitted its audited financial results (standalone and consolidated) for the quarter and year ended March 31, 2025, after admitting that an incorrect version of the audit report was inadvertently attached to the original May 27, 2025 filing. The revised results themselves are unchanged; only the audit report was corrected. Standalone figures show the company swung to a loss before tax of around ₹636 lakhs in FY25 from a profit of about ₹476 lakhs in FY24, and consolidated loss before tax was around ₹930 lakhs versus a profit of ₹486 lakhs. The statutory auditor (GSA & Associates LLP) issued an unmodified (clean) opinion on both sets of results. An emphasis-of-matter note in the consolidated report highlights that the erstwhile Indian subsidiary PKR Energy Limited was dissolved by an NCLT order dated June 11, 2024 and is therefore excluded from consolidation. The board also re-appointed M/s Daver Sikri & Co. as internal auditor for FY26 and appointed M/s Navneet K Arora & Co. LLP as secretarial auditor for five years (FY26–FY30).
The headline event is a clerical/process lapse rather than a change in numbers, but shareholders should note the clear swing to a net loss in FY25 and the recurring negative cash flow from operations, which may weigh on sentiment. The clean audit opinion and the explanation that only the wrong audit report PDF was attached provide some reassurance on reporting quality, though investors should watch for follow-up filings to confirm no other disclosures were affected.