Please find the attached Outcome of Board Meeting
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Callista Industries Ltd's board, at its meeting on May 14, 2025, approved the audited financial results for Q4 and the financial year ended March 31, 2025. The company reported a loss of Rs. 63.12 lakhs for FY25, sharply wider than the Rs. 15.43 lakh loss in FY24. Operating cash flow was deeply negative at Rs. (61.72) lakhs versus Rs. (12.80) lakhs in the prior year. The statutory auditor, M/s. Ramanand & Associates, issued an unmodified (clean) opinion on the results. Two Non-Executive Directors, Mr. Keshari Nandan and Mr. Tejas Darji, resigned effective May 14, 2025, citing personal career growth reasons. Total income from operations remains negligible, with the company showing a negative net worth of Rs. (77.74) lakhs as of March 31, 2025.
Widening losses and continued negative operating cash flow, combined with a negative net worth, point to serious financial stress and raise going-concern questions for shareholders. The simultaneous resignation of two non-executive directors adds to governance concerns and warrants close monitoring by investors.