Outcome of Board meeting
Awaiting price reaction for this filing.
The Board approved the audited standalone financial results for Q4 and FY ended March 31, 2025. The company reported total income of Rs. 33.60 million in FY25 versus Rs. 38.48 million in FY24, a decline of about 13%. Profit after tax collapsed from Rs. 25.87 million to just Rs. 0.77 million (a 97% drop), taking EPS down to Rs. 0.10 from Rs. 3.31. Notably, Rs. 32.20 million of total income came from 'other income,' while revenue from operations was only Rs. 1.40 million, indicating minimal core business activity. The statutory auditor issued an unmodified (clean) opinion. The Board also appointed M/s R Jangir & Co. as Internal Auditor for three years (FY26–FY28) and noted the Related Party Transactions disclosure for the year.
Sharply weaker earnings and dependence on non-core income are negatives, though the clean audit opinion and nil incremental debt provide some comfort. Negative other equity (Rs. -62.96 million) remains a structural concern for shareholders despite the modest profit.