Outcome of Board Meeting held on 30th May 2025
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Gratex Industries' board met on 30th May 2025 and approved the standalone audited financial results for the quarter and year ended 31st March 2025. Statutory auditor M/s Harshal Doshi & Associates issued a clean (unmodified) opinion on the results. The board also appointed M/s JC & Associates as the Secretarial Auditor and Mrs. Sujata Hodge as the Internal Auditor, both for FY 2025-26. The balance sheet shows total assets at Rs 411.55 lakhs (vs Rs 421.89 lakhs last year), total equity improved to Rs 364.39 lakhs from Rs 350.42 lakhs, and total liabilities fell sharply to Rs 47.16 lakhs from Rs 71.47 lakhs. Net cash from operations improved significantly to Rs 20.95 lakhs from Rs 6.35 lakhs, though profit before tax dipped to Rs 10.74 lakhs from Rs 12.33 lakhs.
Clean auditor opinion, stronger equity base, lower liabilities, and improved operating cash flow are positive signs for shareholders. However, declining profit before tax and reduced trade receivables (from Rs 73.85 lakhs to Rs 35.63 lakhs) warrant a closer look at revenue trends. Routine auditor appointments signal continuity rather than any governance red flags.