Pursuant to the Regulation 30 and 33 of the SEBI Listing Regulations, we hereby inform you that the Board of Directors of the Company at its Meeting held today i.e. Tuesday, May 06, 2025 ....
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The Board approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2025, with the statutory auditor (A.R. Sodha & Co.) issuing an unmodified opinion. Standalone FY25 total income was Rs. 1,312.82 lakhs vs Rs. 1,395.95 lakhs in FY24, while profit before tax stood at Rs. 688.20 lakhs (vs Rs. 725.98 lakhs) and profit after tax was Rs. 509.85 lakhs. EPS diluted fell to Rs. 0.38 from Rs. 0.95, mainly due to significant dilution from warrant conversions. The Board approved conversion of 76,76,000 warrants into equity shares, raising paid-up capital from Rs. 15.97 crore to Rs. 17.50 crore, and infused Rs. 5.18 crore in cash. A final dividend of Rs. 0.10 per share (5%) was recommended. New internal auditor (AHSP & Co. LLP) and secretarial auditor (Mitesh J. Shah & Associates, 5-year term) were also appointed.
The warrant conversion expands the share base and brings in fresh capital but dilutes EPS for existing shareholders. Sharp negative operating cashflow of Rs. 19.73 crore (vs Rs. 4.17 crore inflow last year) due to heavy loan book expansion is a watchpoint, though overall profitability and reserves remain healthy. Modest 5% dividend signals cautious capital return.