Outcome of Board Meeting of the Company held on May 24, 2025 at 12:00 P.M.
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The Board of Directors approved the audited financial results for the quarter and full year ended March 31, 2025, along with the auditor's report which carries an unmodified opinion. Revenue from operations for FY25 collapsed to Rs 50.57 lakhs from Rs 276.46 lakhs in FY24, an ~82% decline. Despite the revenue fall, the company reported a pre-tax profit of Rs 32.48 lakhs for FY25 versus a pre-tax loss of Rs 111.81 lakhs last year, helped by deferred tax credit; however, net profit (PAT) remained negative at Rs 32.60 lakhs versus Rs 85.27 lakhs loss in FY24. The Board also appointed M/s Sonu Sharma & Associates as Internal Auditor for FY 2025-26. Total assets shrank sharply from Rs 476.80 lakhs to Rs 230.51 lakhs, and short-term borrowings were largely repaid. Operating cash flow turned negative at Rs (120.48) lakhs versus Rs 114.68 lakhs positive last year.
Sharply lower revenue is a concern, though the company narrowed its loss and cleaned up its balance sheet by repaying borrowings. Negative operating cash flow and continued net loss mean the stock remains a high-risk, thinly-traded micro-cap with weak fundamentals.