the Board of Directors in its meeting held on Saturday, May 09, 2026, commenced at 04:00 P.M., has inter alia considered and approved businesses as mentioned in attachment
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Eforu Entertainment Ltd (formerly Tavernier Resources Ltd) held its Board meeting on May 09, 2026, approved audited financial results for Q4 and FY26 ended March 31, 2026, and appointed Mrs. Riddhi Mit Shah as Company Secretary and Compliance Officer. FY26 Total Income declined to Rs. 168.55 lakhs from Rs. 293.65 lakhs in FY25 (a 42.6% drop). Profit before tax fell to Rs. 104.13 lakhs from Rs. 267.64 lakhs (61% decline). Total Comprehensive Income was Rs. 86.83 lakhs vs Rs. 266.35 lakhs. Cash position deteriorated sharply from Rs. 431.59 lakhs to Rs. 15.64 lakhs. The statutory auditor issued an unmodified (clean) opinion on the financial results.
The sharp revenue and profit decline with severely negative operating cash flow of Rs. 381.31 lakhs raises concerns about the company's financial health, despite the clean audit opinion. Cash reserves have been significantly depleted.