Outcome of Board Meeting held on 29/5/2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Arman Holdings' Board met on 29 May 2025 and approved the audited standalone financial results for FY ended 31 March 2025 along with the Director's Report and MDA. Revenue from operations fell to about ₹366.88 lakh from ₹439.33 lakh in FY24, a decline of roughly 16-17%. The company slipped into negative or near-zero earnings per share of (₹0.03) in FY25 versus ₹0.05 in FY24, indicating a loss at the bottom line. The statutory auditor (M/s HSJ & Associates) issued an unmodified (clean) opinion. The Board also appointed M/s Anurag R Gupta & Associates as Internal Auditor for FY26, M/s Binu Singh as Secretarial Auditor for five years (FY26-FY30), and re-appointed Mr Deepak Kumar Babel as Managing Director for a further five years. The Board noted a past instance of late compliance with Regulation 33 for the quarter ended 31 December 2024 and directed the compliance team to avoid recurrence.
Negative near-term signal for shareholders: revenue shrank and the company moved into a loss at the per-share level, which could weigh on the stock. Positive on governance: clean audit opinion, fresh auditor appointments, and MD continuity provide stability.