Pursuant to Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Board of Directors of the Company at their Meeting ....
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Vuenow Infratech Limited's board, meeting on 30th May 2025, approved its standalone audited financial results for Q4 and FY ended 31st March 2025. Total income collapsed sharply to Rs. 708.50 lakh in FY25 from Rs. 3,772.61 lakh in FY24, an ~81% year-on-year decline. The company swung from a Rs. 512.30 lakh profit after tax in FY24 to a Rs. 134.86 lakh loss after tax in FY25, with EPS turning negative at Rs. (0.58). Reserves and surplus remain deeply negative at Rs. (1,378.88) lakh. The statutory auditors, M/s. Kapish Jain & Associates, issued a Qualified Opinion citing non-availability of confirmations for trade receivables, trade payables, and loans & advances, and this is a repetitive qualification. The board also noted the auditors' resignation with immediate effect, citing persistent coordination challenges that prevented them from performing the audit per ICAI standards.
Shareholders face a deeply negative earnings picture with revenue collapsing into a loss year, persistent negative reserves, and unresolved audit qualifications. The sudden auditor resignation mid-process adds governance and credibility concerns, which could weigh on investor confidence and stock price.