This is to inform you that, the Board of Directors at their meeting held on today i.e. 15th May, 2025 at 04:00 P.M. at 2nd Floor, 1, Laxminagar Co. Op. Society, Naranpura, Ahmedabad -380013, ....
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The Board approved audited standalone financial results for Q4 and FY ended 31 March 2025 with an unmodified auditor opinion. Total revenue for FY25 fell to ₹125.37 lakhs from ₹165.49 lakhs in FY24 (about 24% decline), mainly due to lower other income. Profit before tax nearly halved to ₹29.20 lakhs (FY24: ₹68.50 lakhs), and PAT dropped to ₹22.64 lakhs (FY24: ₹51.00 lakhs). Q4 FY25 swung to a loss of ₹7.09 lakhs at the PAT level against a profit of ₹13.09 lakhs in Q4 FY24. Operating cash flow turned negative at -₹30.22 lakhs versus +₹28.67 lakhs last year. The Board also decided to withdraw its scheme of amalgamation and accepted the resignation of statutory auditor VKID & Associates effective 15 May 2025.
Shareholders should note the sharp drop in full-year profits, a Q4 loss, and negative operating cash flow, which signal weakening core operations despite the clean audit opinion. The withdrawal of the amalgamation and the auditor's resignation may introduce near-term uncertainty, though the company says it will pursue alternative growth strategies.