Pursuant to Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, this is to inform you that the Board of Directors of 'Orient Tradelink ....
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Orient Tradelink's board approved audited standalone financial results for Q4 and FY ended March 31, 2025. Full-year revenue from operations rose to Rs 1,445.26 lakhs from Rs 906.71 lakhs last year, but the company slipped into a loss of Rs 68.26 lakhs for FY25 (vs Rs 17.63 lakhs profit in FY24) due to higher purchase costs and tax expenses. The board also accepted the resignations of Independent Director Dr. Balakrishna Ramarao Maddur and Company Secretary & Compliance Officer Mr. Akash Toshniwal, effective May 29, 2025. Statutory auditor SCAN & Co issued an unmodified opinion but flagged several serious compliance issues including delayed GST filings, ITC mismatches, non-compliance with TDS laws, absence of E-invoicing, and missing internal audit reports.
The resignations of an Independent Director and the Company Secretary (who is also a KMP) within days of each other, along with the auditor's emphasis of matters highlighting GST, TDS and internal control lapses, raise red flags about governance and compliance. Despite higher revenues, the swing to a full-year loss and weak Q4 performance (loss of Rs 110.87 lakhs) are negative for shareholders.