Audited financial results for the quarter and year ended 31032025
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The Board approved audited results for FY25 showing the company incurred a loss before tax of about Rs 12.71 crore (vs Rs 15.11 crore in FY24), with net loss of around Rs 12.70 crore on total income of Rs 6.12 crore (down from Rs 6.91 crore in FY24). The auditor (M/s Ramesh & Ramachandran) issued an unmodified opinion but flagged an Emphasis of Matter covering multiple issues: a Rs 9.73 crore liability met on behalf of parent Binny Limited under the demerger scheme (Rs 7.41 crore provisioned), pending rent litigation with Square Projects Associates at Bengaluru, and a labour court ruling against the company along with Binny Ltd and B&C Mill Ltd. The auditor also noted the company's heavily negative other equity (Rs 23.12 crore) but stopped short of raising a going concern issue, stating no material uncertainty exists for meeting liabilities in the next 12 months. The Board additionally appointed Mrs G. Geetha as Company Secretary, M/s Elangovan & Associates as Secretarial Auditor (5-year term), and M/s T. Balaji & Associates as Internal Auditor for FY26; it also accepted the resignation of Asst. Company Secretary Mr S. Vivekanandan effective 17-06-2025.
For shareholders, this is a weak set of results - persistent losses, declining revenue, deeply negative other equity and significant contingent liabilities from legacy demerger-related disputes. The reliance on recoverability from parent Binny Limited for the Rs 9.73 crore demerger liability and ongoing litigations remain key risk overhangs on the stock, even though the auditor's opinion itself was not modified.