Outcome of Board Meeting
Awaiting price reaction for this filing.
Innocorp Limited's board approved its audited FY25 results, reporting a net loss of ₹26.11 lakhs, slightly narrower than the ₹37.64 lakh loss in FY24. The company had zero income from operations in FY25, with only ₹1.21 lakhs of other income, while total expenses stood at ₹27.83 lakhs. Loss per share for the year was ₹0.33 versus ₹0.47 last year. The balance sheet shows negative other equity of ₹562.58 lakhs and cash reserves nearly wiped out, falling from ₹23.38 lakhs to just ₹0.46 lakhs. Operating cash flow was negative at ₹22.92 lakhs, and the statutory auditor (M.N. Rao & Associates LLP) issued an unmodified (clean) opinion with no going concern flag.
For shareholders, this is a worrying picture – the company is not generating any operating revenue, continues to post losses, has eroded cash reserves, and carries negative reserves. The clean auditor opinion is a small positive, but without revenue traction or fresh capital, the stock remains a high-risk, possibly dormant investment.