Please refer the attached Annexure for Outcome of the Board Meeting of the Company held on May 28, 2025.
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The Board of V.R. Woodart Limited approved its audited financial results for Q4 and FY ended March 31, 2025. Revenue from operations is NIL across all periods, with just Rs. 0.69 lacs of other income in Q4 FY25. The company posted a net loss of Rs. 13.12 lacs for FY25, wider than Rs. 9.12 lacs in FY24, and EPS of Rs. (0.09). The statutory auditor issued an unmodified opinion but added an 'Emphasis of Matter' highlighting that the company's net worth is completely eroded and operations have been limited. Total equity is deeply negative at Rs. (212.49) lacs against borrowings of Rs. 212 lacs, and operating cash flow is negative. Separately, there is a change of control underway: existing promoters sold a 24.12% stake, new acquirers (Ms. Minal Patil and Ms. Maddukuri Mounica) have signed an SPA, triggered a SEBI open offer, and a preferential issue of equity shares and warrants has been approved.
This is a near-defunct shell company with a fully eroded net worth, going-concern flag from auditors, and no operating revenue — a high-risk situation for shareholders. The stock's future now hinges entirely on the new promoters' revival plans following the takeover and preferential infusion, which could either turn things around or dilute existing holders further.