Re-appointment of M/s Jain Vinay & Associates as the Statutory Auditor of the Company.
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The Board of Directors met on 26th May 2025 and approved the audited financial results for Q4 and FY ended 31st March 2025, with the statutory auditor M/s. Jain Vinay & Associates issuing an unmodified (clean) opinion. The Board also approved the re-appointment of Jain Vinay & Associates as Statutory Auditor for a second term of 5 years (FY 2025-26 to 2029-30), along with Pooja Sawarkar & Associates as Secretarial Auditor (5 years) and J K S & Co as Internal Auditor (1 year). The company's FY25 results show total income of just ₹0.15 lakhs against expenses of ₹71.37 lakhs, leading to a wider net loss of ₹71.25 lakhs (vs ₹14.13 lakhs loss in FY24), with basic EPS at ₹(0.391). Total assets jumped sharply to ₹1,698 lakhs (from ₹129 lakhs), mainly due to ₹15.88 crore raised through equity share issuance during the year.
Routine governance and compliance announcement; no major positive or negative trigger for shareholders. The wider FY25 loss and continued expenses exceeding income remain a concern, though the equity infusion strengthened the balance sheet significantly.