Pursuant to the SEBI Listing Regulations, we hereby inform you that the Board at its Meeting held today i.e. Friday, May 30, 2025 have inter-alia, considered and approved: 1. Audited Financial ....

Revenue growth above 20%Negative operating cash flowResults View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

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prior close

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Nifty Microcap 250market · in no size index; the smallest one is used+0.1%-1.4% vs market

Non Banking Financial Company (NBFC) peers, median of 194sector+0.0%-1.3% vs sector

On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250 and 1.3 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 194Pending

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AI summary

The Board approved audited financial results for Q4 and FY ended March 31, 2025, along with an unmodified audit opinion from RSRV & Associates. Revenue from operations surged nearly 3x YoY to Rs. 485.91 lakhs (vs Rs. 162.77 lakhs in FY24), driven by a sharp rise in interest income from a rapidly expanding loan book. However, Profit After Tax fell to Rs. 37.14 lakhs from Rs. 60.59 lakhs in FY24, as the company invested heavily in technology, HR, and geographic expansion, with employee costs rising to Rs. 148.41 lakhs (vs Rs. 28.80 lakhs). The loan book grew over 4x to Rs. 4,332 lakhs, while borrowings rose from Rs. 88 lakhs to Rs. 1,061 lakhs, resulting in negative operating cashflow of Rs. 3,484 lakhs. During the year, the company raised Rs. 2,811.60 lakhs via a rights issue and subsequently allotted convertible warrants worth Rs. 37.33 crores to promoter and non-promoter entities. The Board also approved the DSF ESOP Scheme 2025, subject to shareholder approval, and shifted books of accounts to its Goregaon East corporate office.

Likely market impact

Strong top-line growth signals aggressive scaling of the NBFC business, but the sharp PAT decline and deep negative operating cashflow show the company is in heavy investment mode. For shareholders, this is a growth-at-the-cost-of-profits phase, supported by fresh equity infusion (rights issue + warrants) and an ESOP scheme to attract talent.