Please find enclosed herewith outcome of the meeting along with results and annexures for your reference.
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Kairosoft AI Solutions Ltd's Board, at its May 30, 2025 meeting, approved audited financial results for Q4 and FY ended March 31, 2025, reporting a total income of Rs. 177.18 lakhs (vs Rs. 180.11 lakhs in FY24) and a net loss after tax of Rs. 239.26 lakhs, an improvement from Rs. 454.28 lakhs loss in FY24, though Q4 FY25 alone saw a loss of Rs. 379.36 lakhs. The statutory auditor (S Agarwal & Co.) issued a Qualified Opinion flagging two issues: the company meets RBI criteria for NBFC registration but has not registered, and unsecured loans of Rs. 20.54 crore outstanding with unclear terms. The Board accepted the resignations of CFO Mr. Raman Kumar and Company Secretary Mr. Bhag Chand Sharma, appointed Ms. Ayushi Sinha as new CFO and Ms. Naina Soni as new Company Secretary, and re-appointed M/S Jain Rajeev & Associates as Internal Auditor for FY25-26.
For shareholders: The Qualified Opinion on FY25 results — particularly the undisclosed NBFC-like activity and unverified Rs. 20.54 crore unsecured loans — is a significant red flag requiring close monitoring. Heavy leadership churn at the KMP level (CFO and CS both replaced on the same day) and a full-year net loss of Rs. 239 lakhs suggest governance and operational stress despite a recent Rs. 1.96 crore rights issue boosting cash balances.