Disclosures under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Outcome of the Board Meeting dated May 30, 2025
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The board approved standalone audited financial results for Q4 and FY ended March 31, 2025, along with an unmodified auditor's opinion from ADV & Associates. Total income for FY25 fell to Rs. 189.85 lakh from Rs. 226.07 lakh in FY24, while revenue from operations declined to Rs. 146.51 lakh from Rs. 160.00 lakh. The company reported a wider net loss of Rs. (50.37) lakh versus Rs. (25.63) lakh in the previous year, though Q4 FY25 swung to a profit of Rs. 23.53 lakh. The auditor flagged an Emphasis of Matter regarding a GST order of Rs. 422.73 lakh (tax, interest, penalty) for FY18-FY19, which management expects to contest. M/s Saraf & Saraf Associates was re-appointed as Internal Auditor for FY26.
Shareholders should note continued losses, a sharp swing to negative operating cash flow of Rs. (98.32) lakh, and negative other equity of Rs. (68.25) lakh, which together with the sizeable GST contingency could weigh on sentiment. However, the unmodified audit opinion and a return to quarterly profit offer some comfort.