Pursuant to Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Company''s Board of Directors, at their ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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The board approved the audited financial results for the quarter and full year ended March 31, 2025, along with the auditor's report. The statutory auditor, Jhunjhunwala Jain & Associates LLP, issued an unmodified (clean) opinion on the standalone results. Total income for FY25 rose to about Rs. 30.36 lakhs from Rs. 17.60 lakhs in FY24, but the company reported a net loss of around Rs. 32 lakhs for the full year. Two matters were flagged as Emphasis of Matter by the auditor: (1) a pending court case against LIC of India over the Ridge Road property, held as inventory worth Rs. 67.40 lakhs with no provision made, and (2) a Scheme of Arrangement and Amalgamation with Kirti Investments Limited (a group company) awaiting NCLT approval.
Shareholders should note that despite a sharp rise in revenue, the company remained loss-making for the full year. The pending LIC litigation and the pending amalgamation scheme add uncertainty, though both are highlighted only as emphasis of matter and not as qualifications to the auditor's opinion.