We have to inform you that pursuant to Regulation 30 read with part A of Schedule III of the Securities and Exchange Board of lndia (Listing Obligations and Disclosure Requirements) Regulations, ....
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The Board approved audited financial results for the quarter and year ended March 31, 2025. Revenue from operations stood at Rs 81 lakh in FY25 vs Rs 72.35 lakh in FY24, but total income collapsed to Rs 167.64 lakh from Rs 710.93 lakh, a 76% drop driven by a sharp fall in other income. The company swung to a net loss of Rs 45.09 lakh in FY25 against a net profit of Rs 41.12 lakh in FY24. The Gases segment revenue fell steeply from Rs 672.15 lakh to Rs 73.90 lakh after the gas supply contract with Hindustan Copper Ltd (HCL) expired on October 31, 2021, forcing closure of the gas plant. Cash flow from operations worsened to a negative Rs 322.91 lakh. The auditor issued an unmodified (clean) opinion with no modified opinion declared, and an arbitration award of Rs 7.42 crore remains secured with the Calcutta High Court pending resolution.
Negative for shareholders — the company reported a full-year loss, sharp revenue decline, and worsening operating cash outflows amid the HCL contract dispute and gas plant shutdown. However, the clean audit opinion and secured arbitration amount of Rs 7.42 crore provide some support.