Pl find enclosed attached outcome of board meeting.
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Awaiting price reaction for this filing.
Envair Electrodyne's board, meeting on 26 May 2025, approved audited standalone financial results for Q4 and FY ended 31 March 2025, along with the auditor's report (unmodified opinion by M L Bhuwania and Co LLP). The company reported no revenue from operations for the year — total income of ₹76.99 lakhs came entirely from other income (interest, write-backs, etc.), versus ₹16.32 lakhs in Q4 FY25. Profit before exceptional items and tax stood at ₹17.76 lakhs, and after a current tax charge of ₹64.29 lakhs (relating to earlier years), net profit was ₹46.53 lakhs, a turnaround from a prior-year loss of ₹109.54 lakhs. Operating cash flow turned negative at ₹(5.54) lakhs, with cash and equivalents falling sharply to ₹3.73 lakhs as ₹587.14 lakhs was moved into fixed deposits. The board also appointed M/s D Kaur and Associates as the internal auditor for FY 2025-26.
The company continues to have no operating business — it is essentially a dormant shell earning only other income while management explores setting up a new manufacturing or trading venture. Shareholders should note the lack of core revenue, negative operating cash flow, and the dependence on interest income and tax-related adjustments for reported profitability, which makes the earnings quality weak.