Outcome of the Board Meeting held today i.e. 29th May, 2025 is enclosed.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
IST Limited's Board, at its meeting on 29th May 2025, approved the audited standalone and consolidated financial results for Q4 and FY ended 31 March 2025. The statutory auditor M/s. VSVG & Co. issued an unmodified (clean) opinion on both sets of results, with no qualifications, adverse remarks, or emphasis of matter. Consolidated profitability was supported by strong contribution from wholly-owned subsidiary Gurgaon Infospace Limited, which posted a net profit after tax of Rs. 10,614.06 lakhs for FY25. The Board also appointed M/s. Vinod Kumar & Co. as Secretarial Auditors for a five-year term (FY2025-26 to FY2029-30), subject to shareholder approval, and approved a revised Policy for Determination of Materiality of Events and Information.
A clean audit opinion is positive for investor confidence. However, on a standalone basis, operating cash flow turned negative at Rs. -235.92 lakhs in FY25 (vs Rs. +138.15 lakhs in FY24), which may be a watchpoint for retail investors despite overall profitable consolidated results.