The Board at its meeting considered and approved the Audited Financial Results for the Quarter and Year ended March 31, 2025
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The Board approved audited financial results for Q4 and FY25 along with the appointment of a new Secretarial Auditor and re-appointment of the Internal Auditor. Revenue from operations collapsed from Rs 4.31 lakh in FY24 to just Rs 0.07 lakh in FY25, with no other income either. The company reported a profit after tax of Rs 354.13 lakh, but this was entirely driven by exceptional items of Rs 402.53 lakh (likely write-back of old provisions) — without these, the company made a pre-exceptional loss of Rs 48.40 lakh. The balance sheet continues to show deeply negative other equity of Rs (9,080.87) lakh, meaning the company has a negative net worth despite a clean, unmodified audit opinion.
Core business activity is virtually nil, and reported profitability exists only on paper due to one-time exceptional adjustments — shareholders should view the headline profit with caution given the negative net worth and negligible revenue.