OUTCOME OF BOARD MEETING HELD ON 30 MAY 2025
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Agribio Spirits Limited (Scrip Code: 539546) held its board meeting on May 30, 2025 and approved its audited standalone and consolidated financial results for Q4 and the full year ended March 31, 2025, with the auditors issuing an unmodified (clean) opinion. For FY25, standalone revenue from operations fell to Rs. 1,818.98 lacs from Rs. 2,105.82 lacs in FY24, but profit after tax rose to Rs. 114.46 lacs from Rs. 97.64 lacs, while basic EPS slipped to Rs. 1.11 from Rs. 1.27. The Board also recommended a final dividend of 2.5% (Rs. 0.25 per share) for FY25, subject to shareholder approval, appointed M/s Abhishek S & Associates as Secretarial Auditor for 5 years from April 1, 2025, and accepted the resignation of Non-Executive Director Mr. Pankaj Sharma (DIN: 09512492) effective May 30, 2025. The company also noted an ongoing merger with associate Agribiotech Industries Limited (29.76% stake), which contributed Rs. 251.84 lacs to consolidated profit.
Mixed signals for shareholders: a small Rs. 0.25 per share dividend resumes, FY25 PAT improved year-on-year despite lower revenue, but EPS dipped and Q4 standalone profit fell sharply from Rs. 55.79 lacs to Rs. 31.63 lacs, plus a director exit and a small dividend yield may limit near-term upside.