Outcome of board meeting - audited financial results for the year ended 31st March, 2025
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The board of Organic Coatings Limited, at its meeting held on May 30, 2025, approved the audited standalone financial results for the quarter and year ended March 31, 2025. Revenue from operations stood at approximately Rs 869.98 lakhs, marginally lower than Rs 871.15 lakhs in the previous year, indicating near-flat top-line performance. The company reported a net loss for the year, prompting the board to skip dividend recommendation entirely. Statutory auditors M/s. Soman Uday & Co. issued an audit report with an unmodified (clean) opinion on the financial statements. The results will be published in newspapers as required under SEBI LODR Regulations.
Shareholders will receive no dividend this year due to losses, and the weak top-line combined with a net loss may pressure the stock price in the near term, though the clean auditor opinion removes any red flag on reporting quality.