Certain typographical errors were inadvertently identified in the Annual Report. As a result, we are providing the revised Annual Report for the financial year 2024-25. We wish to clarify that ....
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Kreon Finnancial Services Ltd has filed a revised Annual Report for FY 2024-25 with BSE after identifying inadvertent typographical errors in the version originally submitted on August 6, 2025. The company clarified that these errors do not impact the audited financial statements for the year ended March 31, 2025, and the revised report should be treated as the final version. The revised report has been sent electronically to shareholders and published in Trinity Mirror (English) and Makkal Kural (Tamil). The 31st Annual General Meeting is scheduled for August 29, 2025 at 11:00 AM via video conference. Underlying performance details from the report show total revenue rose to ₹2,664.57 Lakhs (up from ₹1,637.28 Lakhs in FY24), but the company swung to a loss of ₹(414.14) Lakhs (vs profit of ₹62.32 Lakhs), with EPS at ₹(2.05) and Gross NPA improving sharply to 4.27% from 22.57%.
This is an administrative correction with no impact on financials — shareholders should treat the revised report as final. However, the underlying results reveal a return to losses despite strong revenue growth, which may be a concern for investors ahead of the August 29 AGM.