Pursuant to Regulation 30 read with Part A of Schedule III of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015, Annual Report for ....
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Fone4 Communications has submitted its 11th Annual Report and AGM notice, with the meeting scheduled for Saturday, 20th September 2025 at 3:00 PM via video conferencing. Key financial highlights for FY24-25 show total income dropped sharply to Rs. 5,834.73 lakhs from Rs. 14,250.11 lakhs in the previous year, though net loss narrowed to Rs. 318.86 lakhs (from Rs. 649.81 lakhs), with EPS at Rs. (1.87) versus Rs. (3.81). No dividend has been recommended. The board is seeking shareholder approval for a Special Resolution under Section 185 to give loans or guarantees up to Rs. 50 crores to entities in which directors are interested. Executive Director Sayyed Imbichi Haris Sayyed (who is also CFO and brother of MD Sayyed Hamid) is up for re-appointment by rotation. Post year-end, the company raised capital via a preferential allotment of 79 lakh shares at Rs. 15 each on 22 April 2025, taking paid-up capital to Rs. 24.95 crores.
Shareholders should note the steep revenue decline and continuing losses, though the loss has narrowed compared to last year. The Section 185 borrowing resolution up to Rs. 50 crores gives the board wide financial flexibility but warrants attention as it involves interested directors. The recent preferential equity dilution at Rs. 15 per share (a premium to face value of Rs. 10) brings fresh capital but also expands the share count.