In terms of Regulation 30 & 33 of SEBI (LODR) Regulations, 2015, this is to inform that the Meeting of the Board of Directors of Company was held today on 29th May, 2025, Thursday at the ....
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The Board of Directors of Dhanlaxmi Cotex Ltd approved the audited financial results for Q4 and full year ended March 31, 2025. Full year revenue from operations fell sharply to Rs. 1,421.40 lakhs from Rs. 2,641.07 lakhs in FY24 (a decline of about 46%), with the company mainly earning from shares trading and fabrics trading. Despite weaker core revenue, full year net profit more than doubled to Rs. 579.47 lakhs (vs Rs. 288.54 lakhs in FY24), largely helped by Rs. 644.69 lakhs of other income (dividends, interest, profit on sale of investments). However, Q4 FY25 alone slipped into a loss of Rs. 209.36 lakhs versus a loss of Rs. 40.16 lakhs in Q4 FY24. The Board also re-appointed M/s. PRSB & Associates as Internal Auditor for FY 2025-26 and noted the Annual Secretarial Compliance Report. The statutory auditor (DAC & Co.) issued a qualified opinion, flagging that the company meets criteria to be registered as an Investment NBFC but does not hold an RBI Certificate of Registration - a qualification repeated for 6 years.
Shareholders should note that while headline full year profits look strong, they are driven mainly by investment-related other income rather than core trading operations, which are shrinking. The qualified audit opinion on RBI NBFC registration is a long-standing compliance risk that has now persisted for six consecutive years and could attract regulatory penalties. The Q4 loss and steep revenue decline, combined with operating cash flow dropping to Rs. 189.25 lakhs from Rs. 1,399 lakhs, signal weakening core business health that may weigh on the stock.