OUTCOME OF MEEETING OF BOARD OF DIRECTORS AS PER REGULATION 30 AND 33 OF SEBI(LISTING OBLIGATIONS AND DISCLOSERS REQUIREMENTS) REGULATIONS, 2015
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Futuristic Solutions Ltd reported its unaudited financial results for the quarter ended June 30, 2025. Total income stood at Rs. 11.73 lakhs, down from Rs. 13.77 lakhs in the same quarter last year. The company posted a loss after tax of Rs. 1.31 lakhs in Q1 FY26, though this was much narrower compared to the Rs. 7.11 lakh loss in Q1 FY25. Revenue from operations was negligible at just Rs. 0.09 lakhs, with other income (Rs. 11.64 lakhs) being the main contributor. The statutory auditor Mahesh Yadav & Co. issued an unqualified review report. No investor complaints were pending during the quarter. The company operates as a single-segment financing business.
The company remains loss-making with virtually no core operating revenue, raising concerns about its business sustainability. However, the significant narrowing of losses year-on-year is a positive sign, though shareholders should note the negligible scale of operations and dependence on other income.