Outcome of Board Meeting
Price
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Awaiting price reaction for this filing.
The Board approved standalone and consolidated audited financial results for Q4 and FY ended March 31, 2025. Statutory auditor M/s Jethani & Associates issued an unmodified (unqualified) opinion on the results. On the financial side, standalone total income for FY25 was ₹19.29 lakhs (down from ₹19.67 lakhs) with a net loss of ₹3.87 lakhs versus ₹1.10 lakhs loss in FY24. Consolidated FY25 loss narrowed sharply to ₹3.67 lakhs from ₹200.16 lakhs in FY24, mainly due to last year's large exceptional/other expenses of ₹212.74 lakhs. The Board also flagged an Emphasis of Matter regarding the NCLT-approved scheme of arrangement (amalgamation of three wholly-owned subsidiaries and demerger from Genus Power Infrastructures Ltd, plus merger of Yajur Commodities), which has been approved but not yet effective as Form INC-28 is pending. M/s Komal & Associates was appointed as Secretarial Auditors for five years (FY26–FY30), subject to shareholder approval.
Results show continued losses with negative operating cash flow and shrinking equity, indicating weak core operations. However, the pending scheme of arrangement could significantly reshape the company's size and business profile once effective — this is a key event for shareholders to watch.