Please find the attached outcome of Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Asian Petroproducts & Exports Ltd approved audited financial results for FY25 on 30 May 2025. Total revenue from operations stood at Rs 4,167.05 lakh, but the company posted a net loss of Rs 117.65 lakh (EPS of Rs -0.48), slightly wider than the FY24 loss of Rs 104.16 lakh. The balance sheet strengthened notably, with total assets rising from Rs 379.07 lakh to Rs 4,082.98 lakh and net worth turning positive at Rs 1,175.53 lakh, mainly due to a Rs 15.89 crore rights issue (of which Rs 5.14 crore came from promoter loan conversion into equity). Long-term borrowings dropped sharply from Rs 372.28 lakh to Rs 0.68 lakh. However, operating cash flow turned negative at Rs (356.40) lakh versus a positive Rs 39.33 lakh last year. The statutory auditor (DBS & Associates) issued a qualified opinion citing non-compliance with TDS provisions of the Income Tax Act and Ind AS-19 (employee benefits), both described as repetitive qualifications, and added an Emphasis of Matter on pending reconciliations of trade receivables, trade payables and GST. The Board also appointed Roy Jacob & Co. as Secretarial Auditor for FY25-26.
Shareholders should note the continued losses, qualified audit opinion on tax and employee-benefit compliance, and negative operating cash flow, all of which are red flags. On the positive side, the Rs 15.89 crore rights issue has cleaned up the balance sheet, restored positive net worth and sharply reduced debt, which lowers near-term solvency risk.