OUTCOME OF BOARD MEETING
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Laddu Gopal Online Services Ltd's board approved audited standalone financial results for Q4 and FY ended March 31, 2025, along with the balance sheet and cash flow statement. For FY25, total income rose to Rs 322.20 lakhs from Rs 274.20 lakhs, but net profit fell sharply to Rs 120.49 lakhs from Rs 173.49 lakhs, and EPS dropped to Rs 0.45 from Rs 1.67. Q4 FY25 alone slipped into a loss of Rs 58.56 lakhs versus a Rs 52.97 lakh profit a year ago, as other expenses surged to Rs 121.47 lakhs from Rs 22.04 lakhs. The statutory auditor issued a qualified (modified) opinion, flagging that the company appears to require RBI registration under Section 45-IA since over 50% of its assets and income come from financial assets, that loans exceeding Section 186 limits were advanced to corporates, and that loan balances are pending confirmation. The board also shifted the corporate office and appointed Vishakha Agrawal & Associates as Secretarial Auditor for FY24-25.
Mixed-to-negative signal for shareholders: full-year profits declined around 30% and the company swung to a Q4 loss, while the auditor's qualified opinion highlights serious regulatory concerns around non-registration with RBI for what looks like an NBFC-like business, which could draw regulatory scrutiny. On the positive side, the equity base expanded via a Rs 2,488 lakh share issue, reserves grew, and cash on hand jumped to nearly Rs 988 lakhs.