Outcome of Board meeting
Price
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The Board approved audited consolidated and standalone financial results for Q4 and FY ended March 31, 2025, along with an unmodified auditor's opinion from Mehta & Mehta. The company, formerly known as Cinerad Communications, made Global Talent Track a 100% subsidiary (buying the remaining 40% for Rs 1,000 lakhs) and is in the process of acquiring CRG Solutions (67.30%) and Alpharithm Technologies (100%) via share swaps. Standalone revenue jumped sharply to Rs 439.21 lakhs (from Rs 6.09 lakhs), but the company posted a standalone net loss of Rs 868.22 lakhs and a consolidated net loss of Rs 706.11 lakhs for FY25. The auditor flagged several Emphasis of Matter items, including delays in share transfers for two acquisitions, unsecured advances of Rs 354 lakhs and Rs 177 lakhs for IP rights purchases, and ongoing redevelopment of internal financial controls. The company also raised Rs 1,188.12 lakhs via a rights issue and appointed SKGK & Associates as Secretarial Auditors for five years.
Sharp revenue growth is overshadowed by deepening losses, negative operating cash flows in both standalone (Rs 1,390 lakhs) and consolidated (Rs 1,175 lakhs) books, and significant acquisition-related uncertainties. Shareholders should note the weak internal controls and pending acquisitions that could materially affect future financials, though the clean (unmodified) audit opinion provides some comfort.