The Board of Directors of the company in its meeting held on Friday, 16th May, 2025 has considered and approved the matters which are attached herewith
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The board, at its May 16, 2025 meeting, approved audited financial results for Q4 and FY ended March 31, 2025, with statutory auditor VCA & Associates issuing an unmodified (clean) opinion. Revenue from operations jumped to ₹66.97 crore in FY25 from just ₹3.31 crore in FY24, with profit after tax of ₹73.72 lakh versus a loss of ₹6.33 crore last year, swinging the company back to profitability. EPS stood at ₹0.46 vs ₹(3.90) in the prior year, though the company noted FY24 figures aren't fully comparable due to subsidiary divestments. No dividend was declared for FY25. The board also appointed Shah Meet & Associates as internal auditor for FY26 and noted the earlier-approved ₹48.60 crore rights issue (3.24 crore shares at ₹15 each including premium).
A return to profitability and clean audit opinion are positives, but the rebound is largely on a low base after prior-year divestments. Shareholders should note negative operating cash flow of ₹(148.56) lakh, sharply higher trade receivables (₹20.89 crore vs ₹3.06 crore), and fresh borrowings of ₹155 lakh — the rights issue proceeds will be critical for liquidity and growth funding.