Outcome of the Board meeting - Pursuant to Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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The Board of Anirit Ventures Ltd approved audited financial results for the quarter and year ended 31 March 2025. The company reported a net loss of ₹78.69 lakhs for FY25, compared to a profit of ₹607.74 lakhs in FY24 (which was inflated by a one-time gain of ₹604.83 lakhs from sale of assets during the change of management). Revenue from operations fell sharply to just ₹1.50 lakhs for the year, while total income stood at ₹10.01 lakhs. The new statutory auditor, SGCO & Co. LLP, issued an unmodified (clean) opinion, noting that last year's going-concern qualification from predecessor auditor T.V. Subramanian and Associates is now considered resolved — the company has been acquired by Oilmax Energy Private Limited via a Share Purchase Agreement dated 15 May 2024, and the Holding Company will infuse funds as needed to support the new agriculture and commission-agency business. The company's equity remains negative at ₹(719.36) lakhs with borrowings of ₹725.49 lakhs, and cash used in operating activities was ₹(82.46) lakhs.
For shareholders, this is essentially a 'clean slate' filing under new management — the prior going-concern flag has been lifted via the takeover, but the deeply negative net worth, near-zero operating revenue, and continued operating cash burn mean the stock remains a high-risk turnaround story rather than a steady business. Watch for evidence of actual business traction under the new agriculture/commission-agency plan before treating this as a recovery.