Mask Investments Limited has informed the Exchange regarding Board meeting held on May 24, 2025.
MASKINVEST · price
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The board approved audited standalone financial results for Q4 and FY ended March 31, 2025. Statutory auditor Rajendra Sharma & Associates issued an unmodified (clean) opinion on the results. Total income fell sharply to Rs 41.38 lakh from Rs 74.31 lakh in FY24, while profit after tax rose to Rs 3.45 lakh from Rs 2.10 lakh. However, other comprehensive income swung to a negative Rs 5,645.27 lakh, dragging total comprehensive income to a loss of Rs 5,641.83 lakh, mainly reflecting a drop in the value of the company's investments (from Rs 15,391.75 lakh to Rs 9,746.47 lakh). The board also appointed a new secretarial auditor and internal auditor for FY26 and adopted a revised Related Party Transaction Policy and Insider Trading code.
The clean audit opinion and higher core profit are positives, but the steep decline in investment value and negative comprehensive income mean the company's net worth has shrunk by about 37% year-on-year. This is largely a mark-to-market effect rather than a cash loss, but it signals that the bulk of the company's book value is tied to volatile equity investments, which matters for shareholders assessing risk.