Pursuant to Reg 30 of the SEBI (LODR) Regulations, 2015 we wish to inform you that the Board of Directors of the Company in their meeting held on Mon, 05th May, 2025, have considered and ....
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Savani Financials Limited (BSE: 511577) reported audited results for FY25. Total revenue for the year rose sharply to Rs. 1,229.92 lakhs from Rs. 515.48 lakhs in FY24, driven mainly by net gains on fair value changes (Rs. 1,463.71 lakhs) and interest income. However, total expenses surged to Rs. 2,113.73 lakhs (from Rs. 715.57 lakhs), largely due to higher legal & professional expenses (Rs. 1,176.61 lakhs) and other expenditure. Consequently, net loss widened to Rs. 875.60 lakhs versus Rs. 200.02 lakhs in FY24, with EPS of Rs. (3.39). Total assets grew to Rs. 9,521.43 lakhs, aided by a rights issue that expanded equity capital to Rs. 3,198.99 lakhs. The Board also approved raising additional funds via equity/debt instruments, issuing secured NCDs up to Rs. 15 crore on a preferential basis, and allotting 9,60,000 sweat equity shares to the CEO. The statutory auditor issued an unmodified (clean) opinion on the results.
Despite strong top-line growth, escalating expenses — particularly legal, professional, and finance costs — caused the net loss to widen over four-fold, which is negative for shareholders. The fund-raising and sweat equity issuance may lead to dilution, but the strong capital adequacy ratio (108.56%) and zero NPAs provide some comfort for a small NBFC like Savani Financials.