GEE LIMITED has informed the exchange regarding the outcome of the board meeting held today i.e Thursday, July 31, 2025 at 04.00 P.M (IST) through video conferencing, for which the intimation ....
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Awaiting price reaction for this filing.
GEE Limited's board approved audited financial results for Q4 and FY ended March 31, 2025. The company swung to a net loss of Rs. 924.03 lakhs in FY25, compared to a profit of Rs. 1,285.57 lakhs in FY24, while revenue fell to Rs. 33,383.50 lakhs from Rs. 36,914.30 lakhs. Q4 FY25 alone posted a loss of Rs. 1,508.36 lakhs versus a profit of Rs. 83.71 lakhs in the year-ago quarter, dragging EPS to negative Rs. 3.56 for the full year. The board noted the resignation of internal auditor Mr. Anilkumar Agarwal (effective July 22, 2025) and appointed M/s. A K Saraf & Co. as the new internal auditor and M/s. S. Chhaparia & Associates as cost auditor for FY26. The auditor's report also highlights a settled promoter-level NCLT oppression case, a disputed Rs. 2.07 crore CENVAT matter, additional Rs. 4.49 crore provisions on doubtful receivables and advances, and a qualification around the audit trail feature not being enabled throughout the year.
Negative for shareholders – the sharp swing to a full-year loss, revenue decline, and higher provisions on receivables signal weakening operational and recovery concerns. The settled promoter family dispute removes one overhang, but the unaddressed qualifications and contingencies warrant caution; the stock may react negatively to the weak earnings.