Outcomes of Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board approved audited financial results for FY25 (year ended 31 March 2025) and appointed Sweeti Shaifali and Associates as secretarial auditor for FY26. Revenue from operations more than doubled to Rs 21.20 lakh (from Rs 9.87 lakh), and total revenue rose 85% to Rs 23.69 lakh. However, losses widened sharply to Rs 151.85 lakh (vs Rs 102.37 lakh last year) as depreciation surged to Rs 118.60 lakh, pushing reserves further into the red at Rs (472.49) lakh. The statutory auditor (JPAAG & Associates) issued an unmodified opinion but flagged an Emphasis of Matter noting a 'severe financial crisis', unpaid statutory liabilities and listing fees, and that the company is transacting through associates. Operating cash flow turned marginally positive at Rs 1.80 lakh, though cash balance remains a thin Rs 1.91 lakh.
Despite revenue growth, deepening losses, negative reserves, and the auditor's explicit going-concern flag about financial crisis and unpaid statutory dues paint a worrying picture — shareholders should brace for continued stock-price pressure and high risk.