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Awaiting price reaction for this filing.
Nutech Global's board, at its May 30, 2025 meeting, approved audited standalone financial results for Q4 and FY ending March 31, 2025. FY25 revenue came in at Rs 3,510.94 lakh, down about 4% from Rs 3,649.30 lakh last year, and the company slipped to a net loss of Rs 29.11 lakh versus a loss of Rs 8.14 lakh in FY24. Q4 FY25, however, returned to a small profit of Rs 11.06 lakh. The board also appointed M/s Deepak Agal & Co as statutory auditors for a five-year term (FY 2025-26 to FY 2029-30), M/s R.K. Jain & Associates as secretarial auditor for five years, and M/s SP Kacholiya & Associates as internal auditor for FY 2025-26, all subject to shareholder approval.
Despite the headline suggesting a management change, this filing is mainly about auditor appointments and annual results, not a change in leadership. The widening FY25 loss and a sharp drop in operating cash flow (negative Rs 29.67 lakh vs positive Rs 309.95 lakh last year), combined with declining cash balances and rising borrowings, signal continued financial stress for shareholders.