Outcome of Board Meeting held on 29th May 2025
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Kaarya Facilities and Services Limited held a board meeting on 29th May 2025 where it approved its audited financial results for the half-year and full year ended 31st March 2025. Revenue from operations rose to Rs 3.81 crore from Rs 2.92 crore in the previous year, a growth of about 30%. The company swung from a net loss of Rs 50.58 lakh last year to a net profit of Rs 17.17 lakh this year, with EPS improving to Rs 1.84 from negative Rs 5.41. The board also accepted the resignation of Mr Prashant Panchal as CFO and Key Managerial Personnel effective 21st May 2025 and appointed Mr Jitendra Adhyaru as the new CFO with effect from 29th May 2025. The statutory auditor issued an unmodified (clean) opinion on the financial statements.
A clear turnaround from loss to profit along with 30% revenue growth is a positive signal for shareholders, though reserves remain negative at Rs 92.7 lakh indicating accumulated losses. The CFO change appears to be a routine leadership transition with no governance flags raised.