We hereby informs the stakeholder that the company made the following changes in the management (Appointment) 1. Mr. Vishal Vinod Jain as the Chief Financial Officer 2. Ms. Joshi Apurva ....
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Covidh Technologies' board, at its May 30, 2025 meeting, appointed Mr. Vishal Vinod Jain as Chief Financial Officer and two Additional Non-Executive Independent Directors - Ms. Joshi Apurva Pradeep and Mr. Mangina Srinivas Rao - for 5-year terms subject to shareholder approval. The company also appointed M/s Anuj Gupta & Associates as Secretarial Auditor for 5 years and re-appointed Ms. Hema Kumari as Internal Auditor for FY26. The board approved audited standalone financial results for Q4 and FY25, with statutory auditor V. Ravi & Co. issuing an unmodified opinion. For FY25, revenue was flat at Rs. 26.52 lakhs, but the company swung to a net profit of Rs. 13.90 lakhs (EPS Rs. 4.34) versus a Rs. 6.53 lakh loss in FY24. Cash and equivalents rose sharply to Rs. 142.11 lakhs from Rs. 0.14 lakh.
Multiple governance-strengthening appointments, including a chartered accountant as CFO and experienced independent directors (one with prior board roles at Quickheal and Fino Paytech), signal improved oversight. The return to profitability and stronger cash position are positives, though revenue remains very small at under Rs. 27 lakhs, indicating limited operating scale.