Pursuant to Regulation 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation 2015 we would like to inform you that the Board ....
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Awaiting price reaction for this filing.
The Board approved audited standalone financial results for Q4 and FY ended March 31, 2025, with an unmodified (clean) auditor opinion from H.G. Sarvaiya & Co. The company reported essentially no operating revenue (nil in FY25 vs ₹0.75 lakh in FY24), with total income of just ₹1.31 lakhs. Loss before tax widened sharply to ₹15.03 lakhs (from ₹8.05 lakhs), driven partly by ₹5.14 lakhs in extraordinary items, translating to EPS of ₹(1.08). The balance sheet shows negative net worth of ₹(39.28) lakhs with other equity deeply negative at ₹(178.11) lakhs, reflecting long-standing accumulated losses. Additionally, Whole Time Director Mr. Nitin Velhal resigned effective May 5, 2025, after completing two terms.
This is a weak micro-cap with no operating business, deepening losses, and negative book value — limited investment merit. Shareholders should monitor whether the company can restart operations or secure fresh capital, as the negative equity position raises sustainability concerns.