Appointment of Mr. Pritesh Ashvinbhai Patel (DIN: 11128769) and Mr. Satishkumar Suthar (DIN: 11128670) as an Additional Director in the capacity of Non-Executive Non-Independent Director ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
MFS Intercorp Ltd reported its audited financial results for Q4 and full year ended March 31, 2025. Full-year revenue from operations was Rs. 29.37 lakh versus zero in FY24, but the company still posted a net loss of Rs. 0.79 lakh (improved from Rs. 1.95 lakh loss last year). Q4 revenue was Rs. 7.05 lakh with a loss of Rs. 1.40 lakh. Total equity stood at Rs. 113.78 lakh with negative other equity of Rs. -318.71 lakh, and no dividend was recommended. The statutory auditor issued an unmodified (clean) opinion on the results. Additionally, the board appointed Mr. Pritesh Ashvinbhai Patel and Mr. Satishkumar Suthar as Additional Non-Executive Non-Independent Directors for a 5-year term starting June 1, 2025, subject to shareholder approval.
The board expansion is a routine governance change and the financials remain marginal — revenues are tiny and losses persist, though slightly narrowed. For shareholders, the cleaner audit opinion is a positive signal, but the weak scale and accumulated losses keep this a high-risk, low-liquidity stock with no near-term return catalyst.