Outcome of Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.3 pts more than Nifty Microcap 250 and 3.8 pts more than its Plastic Products - Industrial peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board of Directors met on 30th May 2025 and approved the audited financial results for Q4 and FY ended 31st March 2025, with the statutory auditor issuing an unqualified opinion. No dividend was recommended for FY25. Full-year revenue from operations dipped slightly to Rs 9,694.97 Lacs (from Rs 9,838.26 Lacs in FY24), while net profit more than doubled to Rs 375.49 Lacs (from Rs 161.60 Lacs), aided by lower other expenses and a deferred tax credit. EPS for the year rose to Rs 4.11 (from Rs 2.44). The Board also appointed a new secretarial auditor (5-year term) and a new internal auditor for FY26, re-appointed Mr. Harsh Parekh as Whole-Time Director, approved changes to the Related Party Transaction Policy, and constituted a CSR Committee with a new CSR Policy. The 38th AGM is scheduled for 23rd July 2025 via video conferencing.
Despite a mild topline decline, sharp PAT growth and a positive operating cash flow of Rs 1,021.91 Lacs strengthen shareholder value, though the no-dividend decision may disappoint income-seeking investors. The company's qualified borrowings also reduced from Rs 28.10 Cr to Rs 23.36 Cr, signalling balance sheet improvement.