Outcome of the Board Meeting held on 30.05.2025
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The Board approved audited financial results for Q4 and FY ended 31.03.2025 with an unmodified (unqualified) opinion from auditors M/s. Ramanathan & Rao. On a standalone basis, revenue collapsed from Rs. 353.16 lakh in FY24 to just Rs. 35.67 lakh in FY25, and the company swung from a small profit of Rs. 2.51 lakh to a loss of Rs. 164.02 lakh. On a consolidated basis (including US and Bahrain subsidiaries), revenue fell from Rs. 3,587.85 lakh to Rs. 2,261.25 lakh (~37% decline), while the net loss widened sharply from Rs. 167.55 lakh to Rs. 508.02 lakh. Mrs. Ankita Mathur was appointed as Executive Director for three years at a remuneration of Rs. 1,00,000/month, and Mr. Sushant Mohan Lal moved from Executive to Non-Executive Director.
Despite a clean audit opinion, the results are deeply negative for shareholders — revenue has collapsed and losses have widened significantly both standalone and consolidated, with negative operating cash flow of Rs. 981.82 lakh on a consolidated basis. The stock is likely to face selling pressure, though the appointment of a new Executive Director signals an attempt to revive the business.