Annual Report for the FY 2023-24
Awaiting price reaction for this filing.
Note: The filing is attributed to 'Keto Motors Ltd' in the headline, but the actual document is the 24th Annual Report of Taaza International Limited. The company reported total income of just Rs. 13,343 in FY23-24 (versus nil in FY22-23) against total expenditure of Rs. 6.20 lakh, widening the pre-tax loss slightly to Rs. 6.07 lakh from Rs. 8.77 lakh. After a tax provision of Rs. 58,981, the loss after tax stood at Rs. 6.66 lakh, an improvement from Rs. 13.12 lakh loss in the prior year. Accumulated reserves remain negative at Rs. (19.56 lakh), and the board has skipped dividend entirely. The directors stated that no internal auditor was appointed because there was 'no revenue generation during the year,' reinforcing that the company is essentially dormant from an operations standpoint.
Shareholders face another year of losses, no dividend, and negative reserves, signalling a financially weak, near-dormant company. The stock is likely to remain illiquid and risky until meaningful revenue activity resumes.