Approved the Audited Financial Result For the Qtr & Year ended 31st March2025
Awaiting price reaction for this filing.
The Board of Rishab Special Yarns Ltd approved the audited standalone financial results for Q4 and FY ended 31 March 2025. Statutory auditor M/s Bhatter & Associates issued an unmodified (clean) opinion on the results. However, the auditor's report explicitly refers to a 'net loss and other comprehensive loss' for the year, indicating the company closed FY25 in the red. Cash flow from operating activities was negligible (Rs. 0.00 lakh) compared to a negative Rs. 0.50 lakh in the previous year, showing the business continues to struggle with operating cash generation. The company operates in a single segment — trading of commodities. Separately, CFO Mr. Dhananjay Ganesh Patil resigned (citing other commitments) and also stepped down as Director, both effective 30 May 2025. Mr. Anuj Kumar Singh was appointed as the new Executive Director and CFO for a 5-year term, subject to shareholder approval.
Shareholders should note the company has reported a net loss for FY25 with virtually no operating cash flow, signalling weak business performance. The simultaneous exit of the CFO/Director and appointment of a new CFO brings additional management transition risk, though the clean audit opinion offers some comfort.