Outcome of Board meeting for Approval of Audited Financial Statements for the year ended 31st March 2025
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The board approved audited financial results for Q4 and full year ended March 31, 2025. Revenue from operations fell to Rs 2,303 lakhs from Rs 2,615 lakhs in FY24, a decline of about 12%, though total income (including other income of Rs 1,022 lakhs) was only modestly lower at Rs 3,325 lakhs versus Rs 3,443 lakhs. Profit after tax was nearly flat at Rs 1,755 lakhs vs Rs 1,749 lakhs, with EPS at Rs 43.88 vs Rs 43.73. Statutory auditors Selvam & Suku issued an unmodified (clean) opinion. The board also appointed Dr. K.P. Karthikeyan (IAS) as Chairman and Non-Executive Director, Mrs. Madura Ganesh as Independent Director, and new internal and secretarial auditors, plus approved a postal ballot notice.
Core operations shrank while earnings held steady, indicating margin support from other income (largely interest on deposits). A clean audit opinion and stable PAT are mildly positive, but the double-digit revenue decline is a concern. Governance refresh with an IAS officer as Chairman and a new Independent Director is a neutral-to-positive signal.