Announced Thu, 29 May · 01:14 IST

The Board of Directors, at its meeting held today on May 28, 2025, 309, 3rd Floor, V Star Plaza, Plot No. 16, Chandavarkar Road, Borivali West, Mumbai, Maharashtra 400092 India, considered ....

Board & Shareholder Meetings View source PDF

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AI summary

The Board of Deep Diamond India Limited met on May 28, 2025 and approved three items. First, it approved the audited financial results for Q4 and full year ended March 31, 2025, which came with an unmodified (clean) auditor opinion from V R S K & Co. LLP. Second, it appointed M/s. Valawat & Associates as the Internal Auditor for FY 2025-26. Third, it recommended appointing M/s. Ronak Jhuthawat & Co as Secretarial Auditor for a 5-year term from FY 2025-26 through FY 2029-30. Key financials (Rs. in lakhs): Total income rose to 223.94 in FY25 from 200.54 in FY24, Profit Before Tax nearly doubled to 109.86 from 57.68, and Profit After Tax rose to 86.07 from 41.88. Basic EPS improved to Rs. 0.18 from Rs. 0.09. No dividend was declared. Loans and advances on the books stood at around Rs. 828 lakhs.

Likely market impact

FY25 earnings show a sharp jump in profitability on flat revenue, which is a positive signal for shareholders. The clean audit report and routine auditor appointments are governance-neutral, though the sizeable outstanding loans and advances may be worth watching in future disclosures.