Pursuant to Regulation 30 & 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, We wish to inform you that the Board of Directors at its meeting was held at ....
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The Board of MM Rubber Company met on May 30, 2025 and approved the Standalone Audited Financial Results for Q4 and full year ended March 31, 2025. Full-year revenue from operations fell slightly to Rs 4,099.92 lakhs from Rs 4,163.96 lakhs, while total expenses rose to Rs 4,492.31 lakhs from Rs 4,300.06 lakhs. The company reported a widened net loss of Rs 368.35 lakhs for FY25 versus Rs 165.31 lakhs in FY24, with loss per share at Rs 5.91. Q4 alone, however, returned to a small profit of Rs 14.78 lakhs versus a loss of Rs 169.53 lakhs a year ago. The Board also appointed a new Secretarial Auditor (Sharvari Kulkarni and Associates) for five years and M/s S.R. Mandre and Co as Internal Auditor for FY26. The statutory auditor issued an unmodified opinion but flagged an Emphasis of Matter on non-availability of an independent actuarial valuation for gratuity and leave encashment.
Shareholders face a second consecutive year of losses with losses more than doubling and equity eroding from Rs 1,790 lakhs to Rs 1,422 lakhs. Negative operating cashflow and rising short-term borrowings (up ~71% to Rs 917 lakhs) signal financial stress, though the Q4 swing to profit and unmodified audit opinion offer some relief.