Pursuant to Clause 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, we state the outcome of the Board Meeting as under: - 1. The meeting of the Board ....
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The Board approved audited standalone and consolidated financial results for FY ended 31 March 2025, along with the appointment of M/s. Dholakia & Associates LLP as Secretarial Auditor for five years (FY26–FY30), pending shareholder approval. On a consolidated basis, revenue from operations rose to Rs 4,527.76 lakhs (vs Rs 3,851.14 lakhs in FY24), and net profit after tax jumped to Rs 191.85 lakhs from Rs 68.45 lakhs, driven by the Paper & Paperboard and Garments segments through subsidiaries. However, Q4 FY25 (Jan–Mar 2025) was weak on both bases, with the consolidated entity posting a loss of Rs 87.66 lakhs. The company also acquired 100% of Auro Fintech Private Limited for Rs 60.57 lakhs on 1 April 2025, making it a wholly owned subsidiary. The statutory auditor (Jogin Raval & Associates) issued an unmodified opinion on the results.
Strong full-year consolidated earnings growth and segment expansion are positives, but the Q4 loss and the company's increasing reliance on subsidiaries (standalone is now a near-shell) may raise questions about sustainability. Shareholders should watch how the new fintech subsidiary contributes and whether Q4 weakness was one-off or structural.