Board of Directors of the company in their meeting held on today i.e. 28th May, 2025 considered, approved and take on record audited financial results of the company for the year ended ....
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Awaiting price reaction for this filing.
Angel Fibers Limited's Board of Directors, at a meeting held on May 28, 2025, approved and took on record the audited financial results for the half-year and full year ended March 31, 2025. The statutory auditors, M/s Chetan Agarwal & Co., issued an audit report with an unmodified (clean) opinion, and the company filed a separate declaration confirming the same. The company also appointed M/s Manish Bhagvandas Analkat as Cost Auditor for FY 2025-26, a routine compliance requirement. From the balance sheet, total equity (share capital plus reserves) stood at roughly ₹2,908 lakhs as of March 31, 2025, with long-term borrowings of about ₹2,953 lakhs, indicating a leveraged capital structure. Cash flow from operations was positive at ₹964 lakhs, though lower than ₹1,192 lakhs in the previous year, while financing activities showed a net outflow of ₹708 lakhs, largely due to loan repayments and finance costs.
A clean (unmodified) audit opinion is a positive signal, suggesting no material concerns flagged by the auditors. The dip in operating cash flow and increase in long-term borrowings are worth monitoring, but for retail investors this is essentially a routine annual results filing with no negative surprises disclosed.