Outcome of Board Meeting held on 28th May, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.3 pts less than Nifty Microcap 250 and 1.5 pts less than its Trading & Distributors peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board approved audited standalone and consolidated financial results for Q4 and FY ended 31 March 2025, along with the Statutory Auditor's report carrying an unmodified opinion. Standalone Revenue from Operations rose ~44% YoY to about Rs 17.05 crore, and Profit After Tax more than doubled to ~Rs 13.17 crore (vs ~Rs 6.34 crore in FY24). However, the standalone Cash Flow from Operations swung sharply negative to about Rs -9.93 crore versus a positive ~Rs 14.69 crore last year, despite higher reported profits. The Board also approved Related Party Transactions for H2 FY25, noted completion of the Open Offer with reclassification of old promoters (Mahansaria family entities) to Non-Promoter status and induction of new promoters led by Kiran Dalmia group, and revoked the temporary suspension on MD Vijay Laltaprasad Yadav's powers. Company Secretary Ankita Darji resigned effective 19 July 2025.
Strong reported profit growth and a change in the controlling promoter group may lift investor interest, but a deeply negative operating cash flow despite higher profits raises concerns about working capital strain and earnings quality. Shareholders should watch for clarity on the new promoter group's plans and on cash recovery.