Attached herewith Outcome of Board Meeting held on 22.05.2025.
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The board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025. Standalone revenue from operations surged to ₹6,764.27 lakhs (vs ₹1,516.05 lakhs last year), while net profit jumped to ₹638.58 lakhs (vs ₹219.27 lakhs), with EPS rising to ₹0.336. Consolidated revenue was ₹8,963.64 lakhs with a net profit of ₹769.70 lakhs. Mr. Jayesh Raichandbhai Thakkar, already the Managing Director, was additionally appointed as Chairman. The board also approved revised borrowing and investment limits under Sections 180 and 186, ratified excess related-party transactions with Sunbuy Renewables Limited, and cleared a postal ballot notice for shareholder approval. During the year, the company raised funds via a preferential allotment of 1.44 crore shares at a ₹74 premium and issued 4.53 crore convertible warrants at ₹75 each. It also acquired a 69.84% stake in DC2 Mercury Cars Private Limited, making it a subsidiary.
Strong top-line and profit growth of roughly 3.5x and 3x year-on-year is a positive signal for shareholders, though the dilution from recent share/warrant allotments may temper per-share upside. The related-party dealings with Sunbuy Renewables needing shareholder ratification is something investors should watch closely.