Aksh Optifibre Limited has informed the Exchange regarding Board meeting held on May 22, 2025.
AKSHOPTFBR · 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 approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, along with appointments of cost, secretarial, and internal auditors for FY26. Standalone revenue fell sharply to Rs. 12,712.48 lakhs in FY25 from Rs. 21,502.16 lakhs in FY24, though loss after tax narrowed to Rs. 2,011.30 lakhs from Rs. 20,952.60 lakhs. Consolidated FY25 loss stood at Rs. 2,596.66 lakhs with negative other equity of Rs. 6,974.47 lakhs, indicating significant net worth erosion. The auditor issued a qualified opinion flagging unrecorded liabilities of Rs. 2,832.85 lakhs related to export obligation shortfalls under EPCG and Advance Authorization schemes. Four independent directors were re-appointed for five-year terms, and the board approved the reclassification of a shareholder holding 3.70% stake from promoter group to public category.
Negative signals dominate: continued losses, steep revenue decline, qualified audit opinion on hidden liabilities, HDFC Bank OTS of Rs. 2,559.78 lakhs only partially complied with, and consolidated net worth in the red. While the FY25 loss narrowed versus FY24, the underlying business performance remains weak and shareholders should expect continued pressure on the stock until revenue recovers and debt resolutions conclude.