Outcome of Board Meeting
Awaiting price reaction for this filing.
Oswal Overseas Limited's Board approved standalone audited financial results for Q4 and FY ended March 31, 2025. Revenue from operations fell sharply to Rs. 6,762.63 lakhs from Rs. 15,208.29 lakhs in FY24, a drop of roughly 55%. The company reported a loss after tax of Rs. (1,238.43) lakhs, widening from Rs. (544.84) lakhs in the prior year, with EPS at Rs. (9.57). The auditor issued a Qualified Opinion flagging negative net worth of Rs. (43.56) lakhs, cash losses of Rs. 829.36 lakhs, severe working capital deficit (current liabilities of Rs. 7,363.95 lakhs against current assets of Rs. 1,231.68 lakhs), and a pending NCLT case among promoter legal heirs. The Board also appointed Cost, Internal, and Secretarial Auditors for FY 2025-26.
This is a deeply negative filing for shareholders — the company is loss-making with eroded net worth and a qualified audit report raising going-concern concerns. The stock is likely to come under selling pressure, and the company's inability to get fresh bank limits could restrict operations.