The company has not declared the dividend for the financial year 2024-25
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Annvrridhhi Ventures Limited (formerly J. Taparia Projects Limited) announced that the Board did not declare any dividend for FY 2024-25. The company also approved its audited financial results for Q4 and FY ended 31 March 2025, with the statutory auditor issuing an unmodified opinion. Revenue from operations jumped sharply to ₹6,696.63 lakhs in FY25 from just ₹330.88 lakhs in FY24, and the company swung to a profit after tax of ₹73.72 lakhs compared to a loss of ₹632.52 lakhs in the previous year. Despite the profit turnaround, operating cash flow was negative at ₹148.56 lakhs, and other equity remained negative at ₹(585.32) lakhs. The Board also approved a rights issue of ₹48.60 crores (3.24 crore equity shares at ₹15 each including premium) and appointed M/s. Shah Meet & Associates as the new internal auditor for FY 2025-26.
Income-seeking shareholders will be disappointed as no dividend has been declared, though this is a small-cap turnaround story with revenue and PAT showing strong recovery from last year's losses. Caution is warranted due to negative operating cash flow, negative reserves, and an upcoming ₹48.60 crore rights issue which will dilute existing shareholders.