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Fervent Synergies' board, at its meeting on 22nd May 2025, approved the audited standalone financial results for Q4 and FY ended 31st March 2025. For FY25, revenue from operations rose to Rs. 3,245.85 lakhs, up about 33.5% from Rs. 2,430.92 lakhs in FY24. The company swung from a net loss of Rs. 1,284.16 lakhs in FY24 to a net profit of Rs. 295.36 lakhs in FY25, aided by a sharp turnaround in its Finance Business Division segment. Statutory auditors M/s. S H Dama & Associates issued an unmodified (clean) opinion on the results. The board also re-appointed Mr. Jayesh Doshi as Internal Auditor for FY26 and M/s. Sindhu Nair & Associates as Secretarial Auditors for a 5-year term, and separately disclosed related party transactions for H2 FY25, which include loans of Rs. 4,100 lakhs to Verve Greens Holding & Realty and purchases of Rs. 2,579.30 lakhs from Verve Greens Inc.
Positive turnaround for shareholders — FY25 marks a return to profitability with strong revenue growth and a clean audit opinion, though the company carries notable exposure to related-party lending and very low cash balances (Rs. 5.53 lakhs).