Annual report of the company for FY 2024-25.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Innovassynth Investments Limited has filed its 17th Annual Report for FY 2024-25 with BSE, along with the notice for the AGM to be held on September 26, 2025 via video conferencing. The company reported a standalone loss of ₹115.33 lakhs in FY25, wider than the ₹69.55 lakh loss in FY24, and a consolidated loss of ₹468.74 lakhs (vs ₹84.41 lakh loss last year), driven mainly by a ₹353.41 lakh share of losses from its associate. Total income was nil for the year, and no dividend has been recommended due to accumulated losses. The company issued 37.06 lakh equity shares on a preferential basis at ₹29.39 per share, raising paid-up capital to ₹27.98 crore. The board also approved a scheme of amalgamation of Innovassynth Technologies (India) Limited into the company with an appointed date of October 1, 2024, which is pending NCLT approval.
Shareholders should note widening losses, nil revenue, and the ongoing merger with Innovassynth Technologies that could change the business profile. The preferential share issuance and absence of dividend are unlikely to be market-positive in the near term.