In just concluded Meeting of the Board of Directors of the Company has considered approved and take on record inter alia, the following matters: 1. Audited Standalone Financial Results ....
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The board approved audited standalone financial results for Q4 and full year ended March 31, 2025. For FY25, the company reported total income of Rs. 1,430.00 Lakhs and a net profit of Rs. 1,301.21 Lakhs, compared to a loss of Rs. 23.50 Lakhs in FY24, with EPS of Rs. 26.02. However, this entire profit came from a one-time write-back of an unsecured loan of Rs. 1,430 Lakhs that the company decided was no longer payable — there were no real operating revenues. The statutory auditor (P. Murali & Co.) issued a qualified opinion, explicitly flagging a material uncertainty about the company's ability to continue as a going concern, noting it has no operational activity and its accumulated losses of Rs. 2,689.84 Lakhs have completely eroded its net worth (negative equity of Rs. 2,165 Lakhs). The company is changing its object clause and bringing in new promoters from the infrastructure sector to restart operations.
Despite the headline profit, the company has no real business, wiped-out net worth, and a qualified audit opinion with a going-concern warning. The loan write-back masks fundamental weakness. The proposed pivot to infrastructure under new promoters is highly speculative — shareholders face significant risk and should treat the FY25 profit as non-recurring.