Appointment of Secretarial Auditors
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Flex Foods announced audited financial results for Q4 and FY ended March 31, 2025. Full-year revenue from operations grew to Rs. 15,001 lakhs from Rs. 12,128 lakhs, but the company reported a wider net loss of Rs. 3,250 lakhs versus Rs. 2,593 lakhs in FY24. Q4 revenue rose modestly to Rs. 4,551 lakhs, while Q4 net loss deepened to Rs. 524 lakhs from Rs. 175 lakhs a year ago. The Board recommended a final dividend of Rs. 0.50 per share (5%), subject to shareholder approval at the 35th AGM on August 21, 2025. The statutory auditor issued an unmodified opinion on the financials. The Board also appointed M/s. Mahesh Gupta & Co., Company Secretaries as Secretarial Auditors for a 5-year term from FY 2025-26 to FY 2029-30, pending shareholder approval.
Despite top-line growth, the widening losses and high borrowings (Rs. 27,907 lakhs total debt against equity of just Rs. 4,180 lakhs) raise concerns about financial health and may weigh on the stock. The small dividend offers limited consolation for shareholders.