Revised outcome of Board Meeting along with approved financial results and audit report as requested
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The Swastik Safe Deposit & Investments Limited (NBFC) reported FY25 revenue of ₹94.67 lakhs, roughly flat versus ₹94.43 lakhs in FY24. Profit after tanked sharply to ₹11.82 lakhs from ₹121.75 lakhs in FY24, a ~90% drop, while Q4 FY25 swung to a loss of ₹31.98 lakhs versus a profit of ₹10.11 lakhs in the year-ago quarter. Basic EPS for FY25 fell to ₹4.92 from ₹50.73. The statutory auditor issued an unqualified opinion but included an Emphasis of Matter noting the company no longer meets RBI's principal business criteria for NBFC classification (financial asset income below 50% of gross income). The Board has approved surrendering its NBFC license and recommended a dividend of ₹1 per share (10%) subject to shareholder approval. Operating cash flow was deeply negative at -₹1,599.60 lakhs in FY25.
The NBFC license surrender is a major strategic shift that effectively ends the company's financial services status, simplifying its profile as a pure investment holding entity. Despite the steep PAT decline and large negative operating cash flow, the company remains financially solid with reserves of ~₹64,279 lakhs and has continued dividends, indicating the investment portfolio provides stable backing for shareholders.