We are hereby submitting the 33rd Annual Report for the FY 2024-25
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Covidh Technologies Limited has filed its 33rd Annual Report for the financial year ending March 31, 2025. Revenue from operations for FY25 was nil, compared to Rs 26.52 lakhs in the previous year, and the company reported a loss after tax of Rs 11.81 lakhs (slightly wider than Rs 9.89 lakhs loss in FY24). The directors disclosed that the company was under the Corporate Insolvency Resolution Process (CIRP) for the last two years, which caused financial difficulties. The statutory auditor, M/s V Ravi & Co, resigned and is being replaced by M/s G M K S & Co, and the Company Secretary resigned effective July 4, 2025. The 33rd AGM is scheduled for August 26, 2025 via video conferencing, with resolutions including appointment of new directors, change of auditor, and elevation of Jayshree Suresh Jain to Managing Director.
For shareholders, the nil revenue, ongoing losses, and past CIRP status signal serious financial distress, though the company is attempting revival under a new Managing Director. The auditor change and Company Secretary resignation add to governance uncertainty that investors should monitor closely.