Outcome of Board Meeting
Price
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Awaiting price reaction for this filing.
The Board of Morgan Ventures Ltd met on May 26, 2025 and approved audited financial results for the quarter and year ended March 31, 2025. Total income for FY25 stood at Rs. 46.70 crore, more than double the Rs. 23.01 crore in FY24, driven mainly by investment income and fair value gains. Net profit after tax jumped to Rs. 25.62 crore from Rs. 9.95 crore, while EPS rose to Rs. 25.88 from Rs. 10.05. The company also appointed a new Secretarial Auditor (Anuj Gupta & Associates) for 5 years and a new Internal Auditor (H. Tara & Co.) for FY26, and approved the 38th AGM notice. However, the auditor flagged four emphasis-of-matter items, including a legal dispute over land in Aurangabad worth Rs. 20.02 crore, a related-party transaction done without shareholder approval, and the reclassification of inventory to fixed assets. Operating cash flow turned negative at Rs. (1.89) crore versus a positive Rs. 0.97 crore last year, even as borrowings rose.
Strong headline profit growth and improved debt-equity ratio (1.92 vs 2.45) are positives, but the negative operating cash flow, the regulatory lapses around related-party transactions, and the ongoing land dispute with MIDC are concerns investors should weigh carefully.