The Board of Directors of the company in its meeting held today i.e., May 30, 2025 has: approved the Re-appointment of Mr. G B K Viswanadham as Internal Auditor of the Company for the FY 2025-26
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The board, at its May 30, 2025 meeting, approved the audited standalone financial results for Q4 and FY ended March 31, 2025, with the statutory auditor issuing an unmodified opinion. Total revenue for FY25 was Rs. 38.86 lakhs (down from Rs. 81.33 lakhs in FY24), but profit for the year improved to Rs. 10.08 lakhs (vs Rs. 5.76 lakhs in FY24), giving EPS of Rs. 0.10. Long-term borrowings stood at Rs. 250.51 lakhs with an incremental qualified borrowing of Rs. 14.38 lakhs during the year. The board also re-appointed Mr. G.B.K. Viswanadham as Internal Auditor for FY 2025-26 and recommended the appointment of Mr. VBSS Prasad as Secretarial Auditor for a 5-year term (FY 2025-26 to FY 2029-30), subject to shareholder approval.
Routine governance update with no material negative signals; the improved profitability despite lower revenue suggests margin recovery, though reserves remain negative at Rs. 114.52 lakhs, indicating accumulated losses. Shareholders are likely unaffected in the near term as these are standard reappointments and annual results.