Outcome of Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Directors of Dhatre Udyog Limited approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2025. Total income for FY25 stood at Rs 14,459.79 lakhs, a sharp decline of about 34% from Rs 21,936.42 lakhs in FY24. Net profit collapsed to Rs 169.77 lakhs (down ~85%) from Rs 1,117.43 lakhs the previous year, dragging EPS down to Rs 0.16 from Rs 1.03. The company has shut down manufacturing operations at its Vizianagaram plant due to ageing machinery and plans to sell the plant and machinery (Rs 433.25 lakhs classified as 'assets held for sale') and either diversify into real estate or set up a new plant. The Board also re-appointed the secretarial auditor and internal auditor.
This is a significant red-flag filing for shareholders. The auditor issued a qualified opinion and flagged material uncertainty about the company's ability to continue as a going concern, given the plant shutdown and pending trade receivables/payable confirmations. Operating cash flow also turned deeply negative (Rs -69.65 lakhs vs Rs 2,179.50 lakhs last year). Expect heightened stock price volatility and risk; investors should weigh the business model pivot and going concern risks carefully.