Fixation of date for the 36th Annual General Meeting of the Company to be held on 24th September, 2025, through Video Conferencing / Other Audio Visual Means.
Awaiting price reaction for this filing.
South Asian Enterprises Ltd has fixed its 36th Annual General Meeting for September 24, 2025, at 12:30 p.m. via video conferencing, with the record date set as September 17, 2025. The Board meeting on May 28, 2025 also approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with the auditor giving an unmodified (clean) opinion. On a standalone basis, the company posted a net loss of Rs. 333.53 lakhs for FY25, sharply worse than the Rs. 13.10 lakh loss in FY24, driven mainly by a Rs. 318.52 lakh exceptional provision for impairment of loans and equity investment in its former subsidiary, Chai Thela Private Limited (CTPL). Total standalone income fell to Rs. 67.90 lakhs from Rs. 102.51 lakhs. On a consolidated basis, the company swung to a Rs. 21.76 lakh profit after tax (vs Rs. 87.57 lakh loss in FY24) helped by Rs. 125.80 lakh non-controlling interest share, though pre-exceptional loss was Rs. 72.03 lakhs. CTPL ceased to be a subsidiary from March 27-28, 2025, after the company sold its entire stake. The Board also appointed M/s S. Bansal & Associates as Internal Auditor and M/s A. Aggarwal and Associates as Secretarial Auditor for FY26.
Shareholders should note a significant standalone loss and erosion of other equity into negative territory (Rs. -57.76 lakhs from Rs. 241.38 lakhs) due to one-time subsidiary-related write-offs. The divestment of CTPL removes a loss-making drag going forward, and the clean audit opinion provides some comfort, but the small scale of operations and continued standalone losses remain concerns.