The Board of Directors of the Company at its meeting held today, i.e., on Friday, May 09, 2025, inter-alia approved the Audited Financial Results of the company, for the quarter and year ....
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FGP Limited's board, at its meeting on May 9, 2025, approved the audited financial results for Q4 and full year ended March 31, 2025, with statutory auditors MVK Associates issuing an unmodified opinion. Total income fell sharply from Rs 95.17 lakh in FY24 to Rs 50.70 lakh in FY25, a drop of about 47%, driven by lower revenue from operations (Rs 23.08 lakh vs Rs 19.58 lakh) and sharply lower other income including fair value gains. Profit before tax collapsed from Rs 20.90 lakh to just Rs 0.14 lakh, and the company swung from a profit of Rs 26.00 lakh in FY24 to a loss of Rs 3.28 lakh in FY25, with Q4 alone posting a loss of Rs 15.42 lakh. Other equity remains deeply negative at Rs (855.24) lakh, and cash flow from operations was negative at Rs (26.66) lakh. The board also appointed M/s Parikh Parekh & Associates as Secretarial Auditor for FY26-FY30 and Mr Avi Mundecha as Company Secretary and Compliance Officer.
The steep revenue decline and swing from profit to loss are negative signals for shareholders, suggesting weakening core operations, though the unmodified audit opinion offers some comfort. Negative other equity above Rs 8.5 crore remains a long-standing concern. The governance changes (new Secretarial Auditor and Company Secretary) appear routine and unlikely to move the stock materially on their own.