outcome of Board Meeting and approved Audited Financial Result for the Qtr & Year ended 31st March2025
Awaiting price reaction for this filing.
The Board of Directors of Rishab Special Yarns Ltd, at its meeting on May 30, 2025, approved the audited standalone financial results for Q4 and the full financial year ended March 31, 2025. Statutory auditor M/s Bhatter & Associates issued an unmodified (clean) opinion on the results. However, the auditor's report explicitly references a net loss for the year. The cash flow statement shows negligible operating cash flow (~Rs 0.50 lakh) and closing cash and cash equivalents of only about Rs 0.04 lakh, indicating very thin liquidity. Separately, CFO Dhananjay Ganesh Patil resigned (also from the Board) citing personal and other commitments, and Anuj Kumar Singh was appointed as the new CFO and Executive Director for 5 years, subject to shareholder approval. The company noted it is primarily engaged in a single segment — trading of commodities.
A clean (unmodified) audit opinion is reassuring, but the reported net loss combined with near-zero operating cash flow points to weak financial health. The sudden exit of both the CFO and a Director on the same day adds short-term governance uncertainty for shareholders of this small company.