Please find enclosed herewith audited financial results along with required annexures for your reference.
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Kairosoft AI Solutions (formerly Pankaj Piyush Trade & Investment Ltd) posted audited FY25 results showing a net loss after tax of Rs 239.26 lakhs, narrowing from Rs 454.28 lakhs loss in FY24. Revenue from operations remains zero for the full year, with total income of Rs 177.18 lakhs (down from Rs 180.11 lakhs) coming entirely from other income. Total expenses surged to Rs 496.10 lakhs from Rs 128.74 lakhs, largely driven by Rs 410.49 lakhs in 'other expenses' and a Rs 386.99 lakhs loss in the newly started Artificial Intelligence segment. Q4 FY25 alone posted a loss of Rs 379.36 lakhs. The statutory auditor issued a Qualified Opinion flagging two issues: (a) the company meets RBI criteria for NBFC registration but is not registered, and (b) unsecured loans of Rs 20.54 crores outstanding lack proper terms and repayment schedules. The company raised Rs 19.57 crores through a rights issue, lifting cash and bank balances to Rs 19.7 crores from Rs 57.42 lakhs.
For shareholders, this is a worrying set of results: zero operating revenue, widening expense base, a fresh qualified audit opinion on regulatory and loan governance, and a same-day exit of both the CFO and Company Secretary. The stock is likely to see negative sentiment, though the Rs 19.7 crore cash cushion from the rights issue gives some short-term runway while the AI business is being built out.