Outcome of Board Meeting held on 29th May, 2025
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The Board approved audited financial results for the half year and year ended 31st March, 2025, along with the statement of assets and liabilities and cash flow statement. Revenue from operations dropped sharply to ₹2,509.70 lakhs versus ₹3,727.25 lakhs in FY24, while net profit for the year fell to ₹127.68 lakhs from ₹341.16 lakhs, translating to an EPS of ₹2.01 (down from ₹6.69). The statutory auditors (R P Khandelwal & Associates) issued an unmodified opinion on the financials. The Board also appointed H Khandelwal & Associates as Secretarial Auditor for a 5-year term starting April 2025, subject to shareholder approval, and re-appointed SASH & Associates as Internal Auditor for FY26. The trading window has been closed until 48 hours after this announcement.
The steep year-on-year decline in both revenue (~33%) and net profit (~63%) is a material negative for shareholders, though the balance sheet remains stable with reserves growing to ₹1,647 lakhs. No dividend or capital action was announced; trading window closure is a routine compliance measure.