Outcome of Board Meeting held on Friday, August 01, 2025, as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Asia Capital Ltd's board approved the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025), with a clean limited review report from statutory auditors Shankarlal Jain & Associates LLP. Total income fell sharply to ₹5.26 thousand from ₹13.53 thousand in Q1 FY25, and net profit after tax dropped to ₹0.85 thousand from ₹8.70 thousand (~90% YoY decline), with EPS of ₹0.03 versus ₹0.28. Borrowings were fully repaid (down to nil from ₹15.07 lakh at March 2025), but the company reported a significant negative operating cash flow of ₹(22.44) lakh. The board appointed two additional directors (Mr. Devendrasingh Ramola and Mrs. Sangeeta Trivedi), approved re-appointment of the Managing Director and an Independent Director for a second 5-year term, and re-appointed both statutory and secretarial auditors. The AGM is scheduled for August 25, 2025, with book closure from August 19 to August 25, 2025.
The steep YoY decline in revenue and profit, combined with negative operating cash flow, signals weak operational performance for shareholders, though the clean auditor review and zero debt position offer some comfort. Director continuity and re-appointment of auditors suggest governance stability ahead of the AGM.