Decision taken by the Board in today''s Board Meeting are attached
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The Swastik Safe Deposit and Investments Limited's board approved audited results for Q4 and FY ended March 31, 2025. Revenue from operations was largely flat year-on-year at Rs. 94.62 lakhs (FY24: Rs. 94.43 lakhs), but expenses surged from Rs. 19.15 lakhs to Rs. 65.88 lakhs, dragging full-year profit after tax down sharply to Rs. 11.82 lakhs from Rs. 121.75 lakhs in FY24. Q4 FY25 slipped into a loss of Rs. 31.98 lakhs at the PAT level versus a Rs. 10.11 lakh profit a year ago. The board recommended a dividend of Re. 1 per share (10% on face value of Rs. 10). Notably, the company also approved surrendering its NBFC licence. Operating cash flow was deeply negative at Rs. 1,599.60 lakhs (FY24: negative Rs. 33.62 lakhs), and the statutory auditor issued an unqualified opinion.
The 90% drop in FY25 profit, Q4 loss, and sharply negative operating cash flow signal meaningful earnings pressure, while the NBFC licence surrender marks a strategic pivot away from its core lending business. Existing shareholders get a modest 10% dividend, but the combination of weak earnings and business model change is likely to weigh on sentiment.