In terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable provisions, Please find enclosed herewith a copy of Annual Audited ....
Awaiting price reaction for this filing.
Silicon Valley Infotech Limited announced its audited financial results for FY ending 31st March 2025, approved at a board meeting held on 28th May 2025. The company reported a profit before tax of Rs. 0.01 lacs, a turnaround from a loss of Rs. 23.55 lacs in FY24. Borrowings dropped sharply from Rs. 1,296.80 lacs to Rs. 199.81 lacs, and equity share capital reduced from Rs. 1,296.80 lacs to Rs. 199.00 lacs, suggesting a significant capital restructuring. However, other equity remains deeply negative at Rs. (1,346.20) lacs, reflecting accumulated losses, and cash flow from operations fell to just Rs. 0.65 lacs from Rs. 135.01 lacs the previous year. The company claims the auditor issued an 'unmodified opinion', but the auditor's report language includes 'except for the possible effects of the matter described in the basis for opinion paragraph', which is the standard wording for a qualified opinion. The FY24 results were audited by a different firm, confirming a change in statutory auditor.
Shareholders may view the debt reduction positively, but deeply negative other equity, an apparent contradiction regarding the audit opinion, and a swing in auditor firm raise red flags. Investors should seek clarity on whether the opinion is truly unmodified or qualified before drawing conclusions.