As per the Captioned Subject, we hereby submit revised audited financial results for the half and year ended 31st March, 2025
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Vuenow Infratech Limited (formerly Good Value Irrigation Limited) filed revised audited financial results for the year ended 31 March 2025, correcting a typographical error in the original Statement of Impact of Audit Qualifications. The company's statutory auditor M/s. Kapish Jain & Associates resigned on 30 May 2025, the same day the board approved the results. Revenue from operations fell sharply to Rs. 1,982.75 lakh in FY25 from Rs. 3,772.60 lakh in FY24, a drop of about 47%. Profit after tax also declined steeply to Rs. 131.85 lakh from Rs. 512.30 lakh, while the company slipped into a Q4 FY25 loss of Rs. 134.86 lakh versus a Rs. 404.36 lakh profit in Q4 FY24. The auditor issued a Qualified Opinion, flagging that confirmations for trade receivables, trade payables, and loans & advances were not made available, leaving those balances unverified.
Shareholders should note the significant decline in both revenue and profits, the auditor's qualified opinion over unconfirmed balances, and the resignation of the statutory auditor, all of which are red flags that may weigh on investor confidence in the stock.