Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors of the Company, in their meeting ....
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The board, meeting on 15th May 2025, approved standalone and consolidated audited financial results for Q4 and FY ended 31st March 2025 along with the auditor's report. The company reported no revenue from operations in FY25, against Rs 91.01 lakhs in FY24, and posted a net loss of Rs 42.17 lakhs (worse than Rs 26.69 lakhs loss in FY24), with EPS of (Rs 1.38). Total expenses stood at Rs 52.25 lakhs for the year. The board also appointed M/s. Jay Pandya & Associates as Secretarial Auditor for FY24-25 and Mr. Harshil Shah as Internal Auditor for FY25-26. Statutory auditor K M Chauhan and Associates issued an unmodified (clean) opinion on the results.
Continued losses with zero operating revenue signal serious business challenges for shareholders, though the clean audit opinion and positive operating cash flow (Rs 1,209.71 lakhs driven by working capital changes) provide limited comfort. Investors should watch for any strategic pivot or revival of revenue-generating operations.