This is to inform you that the meeting of board of directors of the Company at their meeting held today has inter alia considered and approve the audited financial results of the Company ....
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Nouveau Global Ventures announced audited results for Q4 and FY ended 31 March 2025. Full-year revenue jumped to Rs 149.42 lakh from Rs 50.79 lakh, and the company swung to a profit after tax of Rs 57.18 lakh versus a loss of Rs 22.01 lakh last year. However, Q4 alone saw a small loss of Rs 1.89 lakh, and Other Comprehensive Income was hit hard by a Rs 6.30 crore write-down on the company's 2.06 lakh shares in Partani Appliances, whose BSE trading has been suspended for two years and fair value was reassessed to face value. Shareholder funds dropped sharply to Rs 39.50 lakh from Rs 609.88 lakh due to this OCI hit. The board also appointed M/s. Sanjonaa & Associates as the new Internal Auditor for FY26 after the previous auditor's tenure ended. The statutory auditor issued an unmodified opinion.
Short-term: The OCI loss from the Partani Appliances write-down is a non-cash hit but materially erodes net worth, which may concern shareholders. Long-term: The operational turnaround to a full-year profit is positive, though scale remains very small and borrowings of around Rs 8 crore continue to weigh on the balance sheet.