Please find enclosed herewith the outcome of the Board Meeting held on May 05, 2025. <BR>
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The board approved the FY25 audited results on May 5, 2025. The company reported a net loss of Rs 7.94 lakhs for FY25, narrower than the Rs 20.23 lakh loss in FY24, on total income of Rs 35.38 lakhs (all 'other income', zero revenue from operations). The balance sheet shows fully eroded net worth of Rs (17,932) lakhs against equity share capital of Rs 4,017 lakhs, with non-current borrowings of Rs 15,862 lakhs. Operating cash flow turned negative at Rs (26.86) lakhs versus positive Rs 85.80 lakhs last year. The auditor issued an unmodified opinion but flagged going-concern uncertainty given accumulated losses, fully eroded net worth, and the company's old NBFI business having wound down. Cash and equivalents stood at Rs 294.78 lakhs.
The company remains in severe financial distress with fully eroded net worth, no operating revenue, and a going-concern flag from the auditor — a key red flag for shareholders. While losses are shrinking and cash is still positive, there is no visible core business, and future performance depends entirely on management finding a new business activity.