We herewith submit the outcome of the Board Meeting held today at 04:00 PM concluded at 04:45 PM to approve the audited financial results for the quarter and year ended 31.03.2025 along ....
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The board of Covidh Technologies met on May 30, 2025 and approved audited standalone financial results for Q4 and FY ending March 31, 2025, along with several key appointments. Revenue from operations for FY25 stood at Rs. 26.52 lakhs (vs Rs. 26.32 lakhs in FY24), while profit for the year rose to Rs. 9.56 lakhs (vs Rs. 6.53 lakhs last year), with EPS of Rs. 3.14. The auditor V. Ravi & Co. issued an unmodified (clean) opinion on the results. Mr. Vishal Vinod Jain was appointed as Chief Financial Officer, and two new Independent Directors – Ms. Joshi Apurva Pradeep and Mr. Mangina Srinivas Rao – were appointed for 5-year terms, subject to shareholder approval. Additionally, Anuj Gupta & Associates was appointed as Secretarial Auditor for 5 years, and Ms. Hema Kumari as Internal Auditor for FY25-26.
The clean audit opinion and modest improvement in profitability are mildly positive, but the absolute revenue size remains very small. Multiple new appointments at the board and KMP level indicate governance restructuring, which shareholders should monitor for strategic direction in upcoming quarters.