Outcome of the Meeting of the Board of Directors held on Thursday, May 22, 2025
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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The board approved audited financial results for Q4 and FY ended March 31, 2025, on a standalone and consolidated basis. Standalone net profit surged to ₹548.32 lakhs in FY25 from ₹65.79 lakhs in FY24, an over 8x jump. Consolidated revenue jumped sharply to about ₹5,509 lakhs in FY25 from roughly ₹1,501 lakhs in FY24, with consolidated PAT rising to ₹558.88 lakhs from ₹101.44 lakhs. Operating cash flow was healthy at about ₹2,856 lakhs (standalone) and ₹3,592 lakhs (consolidated). The statutory auditor M/s. Bijan Ghosh & Associates issued an unmodified (clean) opinion. The board also appointed M/s. Sumit Bist and Associates as Secretarial Auditor for five years (FY 2024-25 to 2028-29) and approved disinvestment of its holding in subsidiary Momentous Retails Private Limited.
Strongly positive for shareholders — sharp year-on-year growth in revenue and profit, clean audit opinion, and healthy operating cash flows suggest improving business momentum. The subsidiary disinvestment is a strategic restructuring move that may release capital but reduces the group's footprint.