Annual Report FY2425
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Awaiting price reaction for this filing.
MFS Intercorp Limited has filed its 39th Annual Report for FY 2024-25 with BSE. The company reported total income of Rs. 29.37 lakhs in FY25, up from nil in FY24, but incurred a loss before tax of Rs. 0.79 lakhs versus a loss of Rs. 1.95 lakhs in the previous year. Basic and diluted EPS stood at Rs. (0.02). No dividend has been recommended and no transfer to reserves has been proposed due to accumulated losses. The Board has approved a proposal to issue up to 1,01,50,000 warrants at Rs. 11 per warrant, subject to BSE approval. The 39th AGM is scheduled for September 26, 2025 via video conferencing, with resolutions covering a threefold increase in authorised share capital, appointment of two new non-executive non-independent directors, and appointment of a new secretarial auditor for five years.
The company remains loss-making with negligible revenue, indicating weak fundamentals for shareholders. The proposed share capital expansion and warrant issuance signal potential equity dilution, though the small business size and ongoing losses warrant caution.