Outcome of Board Meeting held on Friday, May 23, 2025
Price
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Awaiting price reaction for this filing.
The board approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2025, along with an unmodified opinion from statutory auditor Kanu Doshi Associates LLP. On a standalone basis, the company reported nil revenue from operations and a total income of just Rs 4.37 lakhs for FY25, while losses widened to Rs 21.10 lakhs from Rs 15.78 lakhs in FY24. EPS stood at Rs (14.07) versus Rs (10.52) earlier. Consolidated figures were broadly similar, with FY25 net loss of Rs 21.60 lakhs and EPS of Rs (14.40); the consolidation includes subsidiary AHA Parks Limited. The balance sheet shows deeply negative other equity of Rs (467.57) lakhs and total assets of only Rs 0.08 lakhs, against borrowings of over Rs 400 lakhs. The auditor flagged a going concern emphasis of matter, noting that the parent company has committed to continued financial support.
For shareholders, this is a weak set of results: the company is loss-making, has near-zero revenue, negative net worth, and relies entirely on its parent for survival. The stock is likely to remain thinly traded and highly risky; the going concern note is a red flag despite the clean audit opinion.