Outcome of Board Meeting
Awaiting price reaction for this filing.
The Board of Directors of SW Investments Limited, meeting on 27th May 2025, approved the audited financial results for the quarter and year ended 31st March 2025. Statutory auditors Bagaria & Co. LLP issued an unqualified (clean) opinion on the financials. For the full year FY25, revenue from operations more than doubled to Rs 23.03 lakhs from Rs 10.02 lakhs in FY24, while net profit jumped to Rs 7.96 lakhs from Rs 3.03 lakhs (basic EPS Rs 0.88 vs Rs 0.34). The Board also recommended re-appointment of Bagaria & Co. LLP as statutory auditors for a second term of 5 years and appointed Mr. Veeraraghavan N. as Secretarial Auditor for FY 2025-26 to FY 2029-30.
Clean audit opinion and strong profit growth are positive signals, but the sharp jump in profitability is off a very small base. Net cash used in operating activities turned negative at Rs 19.52 lakhs (vs Rs 4.57 lakhs inflow last year), driven by a Rs 500 lakh investment outflow, which shareholders should note. Auditor continuity through 2030 provides stability but is subject to shareholder approval at the upcoming AGM.