The Outcome of Board Meeting is enclosed.
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The board of Ashapuri Gold Ornament Limited met on May 26, 2025 and approved the audited standalone financial results for Q4 and full year ended March 31, 2025, with a clean (unqualified) opinion from statutory auditor M/s. Shivam Soni & Co. The company also appointed M/s. Shah & Shah Associates as Secretarial Auditors for a 5-year term (FY26–FY30, subject to shareholder approval) and M/s. Bharat H. Shah & Co. as Internal Auditors for FY26. For FY25, total income nearly doubled to ₹31,741 lakhs (from ₹16,685 lakhs), profit before tax rose ~57% to ₹1,612 lakhs, and net profit grew to ₹1,204 lakhs (from ₹767 lakhs). The company raised fresh capital during the year via a rights issue of 8.33 crore equity shares at ₹5.85 each, lifting equity share capital to ₹3,333 lakhs. Operating cash flow turned negative at ₹(3,574) lakhs, mainly due to a sharp jump in inventory to ₹10,653 lakhs.
Strong top-line and profit growth, backed by a clean audit, is positive for shareholders. However, the steep inventory build-up and negative operating cash flow suggest working capital is stretched, and the dilutive rights issue means per-share earnings may remain modest despite higher absolute profits.