Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors, at its meeting held today i.e. ....
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The Board approved audited standalone financial results for the half year and full year ended 31 March 2025. Revenue from operations for FY25 stood at Rs. 205.99 lakhs, compared to nil in FY24, suggesting the company has started commercial trading activity. Net loss for FY25 narrowed to Rs. 11.87 lakhs from Rs. 27.40 lakhs in FY24, while the quarter ended March 2025 reported a loss of Rs. 9.21 lakhs. The results include an exceptional item of Rs. 4 lakhs towards bad debts written off. The auditor (M/s S K Jha & Co.) issued an unmodified opinion, though flagged that TDS of Rs. 84,250 was unpaid to the Central Government for over six months. Operating cash flow was deeply negative at Rs. 72.65 lakhs, partly offset by new borrowings of Rs. 74.68 lakhs.
The company remains loss-making, though losses are shrinking and revenue has begun after a dormant prior year. Persistent negative operating cash flow, unpaid TDS, and reliance on new borrowings to fund operations are concerns for shareholders, despite the clean audit opinion.