Outcome of Board Meeting
Awaiting price reaction for this filing.
Oswal Leasing's board, meeting on May 22, 2025, approved audited financial results for Q4 and FY ended March 31, 2025, along with an unmodified audit opinion from V.V. Bhalla & Co. For FY25, total income stood at Rs 15.09 lakhs (vs Rs 15.29 lakhs in FY24), while the company reported a net loss of Rs 2.16 lakhs, an improvement from Rs 3.94 lakh loss in the previous year. Q4 FY25 also showed a loss of Rs 0.39 lakh versus Rs 1.02 lakh in Q4 FY24. The board also re-appointed Raj Gupta & Co. as internal auditor for FY26, appointed M.G. Jindal & Associates as secretarial auditor for five years (FY26-FY30), and re-appointed Mr. Ravi Kumar as Manager-Cum-CFO for two years. The 41st AGM is scheduled for August 2, 2025 via video conferencing.
The company continues to post losses, though narrowed year-on-year, and revenue remains flat with operating cashflows turning negative (Rs 3.05 lakh outflow in FY25 vs Rs 0.62 lakh inflow in FY24). With negligible debt and equity reserves of Rs 229.82 lakhs against a Rs 281.70 lakh asset base, near-term solvency is not at risk, but shareholders should note the persistent lack of profitability and weak cash generation from operations.