Outcome of the Board Meeting- Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Awaiting price reaction for this filing.
The board met on 29 May 2025 and approved the audited standalone financial results for the quarter and full year ended 31 March 2025. Total revenue surged sharply from Rs. 2.26 lakh in FY24 to Rs. 3.92 crore in FY25, driven mainly by purchases of stock-in-trade worth Rs. 3.86 crore (the company appears to have entered commodity trading activity). The company swung from a net loss of Rs. 21.57 lakh in FY24 to a small net profit of Rs. 4.31 lakh in FY25, with EPS moving from Rs. (0.68) to Rs. 0.14. Statutory auditor DMKH & Co issued an unqualified opinion with no Key Audit Matters flagged. The board also re-appointed Ravi Patidar & Associates as Secretarial Auditors and Agrawal Aayush & Associates as Internal Auditor for FY26.
The headline shift from loss to profit and the massive revenue jump may attract retail attention, but investors should note this is a micro-cap with paid-up capital of just Rs. 3.15 crore, negative reserves of Rs. 34.02 lakh, no fixed assets, and a business now reliant on cash-based purchases from farmers. The trading window remains closed until 31 May 2025.