Outcome of Board Meeting
Awaiting price reaction for this filing.
The board of Devhari Exports (India) Ltd, at its meeting on May 23, 2025, approved the standalone audited financial results for Q4 and full year ended March 31, 2025. The company reported zero revenue from operations for FY25 and a net loss of ₹13.43 lakhs, a sharp improvement from the previous year's loss of ₹1,011.59 lakhs (which had included a one-time ₹1,000 lakh expense). Q4 FY25 standalone loss stood at ₹3.69 lakhs versus ₹2.90 lakhs in Q4 FY24. The board also appointed M/s. Jitendra Parmar & Associates as Secretarial Auditor for FY24-25 and M/s. D G M S & Co. as Internal Auditor for FY25-26. The statutory auditor B.B. Gusani & Associates issued an unmodified opinion on the results.
Despite the dramatic reduction in losses versus FY24, the company remains a non-revenue, loss-making entity with negative net worth of ₹310.71 lakhs, increasing borrowings (₹306.30 lakhs, up from ₹173.78 lakhs), and a tiny asset base of just ₹5.22 lakhs. Shareholders should view this as a routine compliance filing with no operational improvement signals — the stock remains highly speculative and risky.