Outcome of Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
La Tim Metal & Industries' board, at its meeting on 28 May 2025, approved the audited standalone financial results for Q4 and FY ended 31 March 2025, along with an unmodified auditor's opinion from M/s. Dhirubhai Shah & Co LLP. Revenue from operations fell sharply to Rs. 25,658 lakhs in FY25 from Rs. 34,849 lakhs in FY24, a decline of about 26%. The company swung from a profit after tax of Rs. 765 lakhs in FY24 to a loss of Rs. 86 lakhs in FY25, with Q4 alone showing a loss of Rs. 574 lakhs. EPS turned negative at Rs. (0.07) versus Rs. 0.63 earlier. The board also appointed M/s. Akkad Mehta & Co LLP as internal auditor for FY26 and confirmed no deviation in use of rights issue proceeds.
Negative for shareholders — sharp revenue decline, swing to loss, and continued negative operating cash flow signal weakening business performance, though the long-term debt was significantly repaid using rights issue proceeds.