Approval of Audited Financial Results Of The Company For The Quarter And Financial Year Ended March 31, 2025.
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Diana Tea Company's Board, at its May 29, 2025 meeting, approved audited financial results for Q4 and FY ended March 31, 2025. Revenue from operations fell to ₹7,082.45 lakhs from ₹7,305.15 lakhs in FY24, a decline of about 3%. The company swung to a net loss of ₹584.49 lakhs in FY25 compared to a small profit of ₹13.96 lakhs in FY24. The auditor (B. Nath & Co.) issued an unmodified opinion but flagged an Emphasis of Matter noting that the company has not made full provision for gratuity liability as required under Ind AS 19. The Board also appointed Mr. Ravindra Suchanti as an Independent Director for five years and M/s MR & Associates as Secretarial Auditor for FY 2025-26 to FY 2029-30. Operating cash flow turned negative at ₹(354.76) lakhs versus a positive ₹386.29 lakhs last year.
Shareholders should note the company has slipped from a marginal profit to a significant loss, revenue is shrinking, and the auditor has flagged incomplete gratuity provisioning, all of which are negative signals. However, the auditor's overall opinion remains clean and the company is not facing a going concern issue, providing some reassurance.