Appointment of M/s Pooja Malkan & Co., Practicing Company Secretaries, as Secretarial Auditor of the Company.
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Jet Solar Limited (formerly Jet Infraventure Limited) announced audited financial results for the half-year and full year ended March 31, 2025, with statutory auditor Mittal & Associates issuing an unmodified opinion. Full-year revenue from operations fell to ₹35.32 lakhs from ₹54.41 lakhs in FY24, though full-year profit after tax stayed roughly flat at ₹5.95 lakhs (EPS ₹0.14). The second half (Oct 2024–Mar 2025) swung to a loss of ₹16.44 lakhs, and the company reported negative operating cash flow of ₹246 lakhs. The board also appointed M/s. Pooja Malkan & Co., Practicing Company Secretaries, as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30), subject to shareholder approval. The company name was changed from Jet Infraventure Limited to Jet Solar Limited effective October 28, 2024.
For shareholders, FY25 topline declined while profit remained marginal, and the H2 loss plus heavy cash burn from investments signals continued operational stress despite fresh capital raised via preferential allotments. The name change and new secretarial auditor appointment are routine governance items and unlikely to move the stock on their own.