Outcome of the Board Meeting held on May 29, 2025.
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The Board approved the audited financial results for the half-year and full year ended March 31, 2025, along with the balance sheet. The statutory auditor (M/s AY & Company) issued an unmodified (clean) opinion on the results. Profit before tax fell sharply to Rs. 116.54 lakh from Rs. 226.19 lakh in FY24, a decline of about 48%. Operating cash flow swung to a negative Rs. 570.88 lakh versus a positive Rs. 617.56 lakh last year, driven by a Rs. 1,892 lakh increase in short-term loans and advances. Total borrowings rose (short-term up to Rs. 1,857.65 lakh from Rs. 1,501.35 lakh; long-term up to Rs. 228.35 lakh from Rs. 141.33 lakh), while cash on hand dropped to Rs. 66.51 lakh from Rs. 496.42 lakh. The Board also appointed M/s Amit Dharmani & Associates as Secretarial Auditor for FY25.
Clean audit opinion is a positive for credibility, but the sharp drop in profits, negative operating cash flow, rising borrowings, and depleting cash reserves signal weakening operational health, which could weigh on the stock and concern shareholders about liquidity and debt servicing.