Outcome of the Board Meeting held on 26.05.2025
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The Board of Directors of Mudunuru Limited met on 26.05.2025 and made four key decisions. First, the audited financial results along with the statement of assets and liabilities and cash flow for Q4 and FY ended 31.03.2025 were deferred for later consideration, with a fresh board meeting notice to be issued. Second, the auditors' report and declaration of auditor's opinion for FY ended 31.03.2025 were also deferred. Third, the Board approved voluntary delisting of the company's equity shares from the Calcutta Stock Exchange (CSE), subject to regulatory approvals. Fourth, the Board noted the resignation of Company Secretary and Compliance Officer Mrs. Neha Singhal effective 22.05.2025 due to personal reasons.
The deferral of audited financial results is unusual and may concern shareholders as it delays clarity on the company's full-year performance. The voluntary delisting from CSE is a minor administrative step since CSE has negligible trading volume, but the absence of financial numbers at this stage is a red flag investors should watch closely.