Outcome of board meeting held on 26.09.2025
Awaiting price reaction for this filing.
Taaza International Limited's newly constituted board (appointed on 06.08.2025 following an NCLT order dated 12.06.2025 after the company was under CIRP) approved financial results covering multiple periods: unaudited results for Q2 FY25 (quarter and half-year ended 30.09.2024), Q3 FY25 (quarter ended 31.12.2024), audited results for FY25 (quarter and year ended 31.03.2025), and unaudited results for Q1 FY26 (quarter ended 30.06.2025). The company reported zero revenue from operations across all periods, with a net loss of Rs. 5.29 lakhs for FY25 (improved from Rs. 6.66 lakhs loss in FY24). Cash and cash equivalents jumped to Rs. 1.05 crore as at 31.03.2025 from Rs. 14.37 lakhs, primarily due to fresh short-term borrowings of Rs. 91 lakhs during the year. EPS for FY25 stood at Rs. (0.07) versus Rs. (0.09) in the previous year. The Limited Review Reports and Independent Auditor's Report did not flag any material misstatements.
For shareholders, this filing marks the first set of financial results approved by the post-CIRP board and clears the company's compliance backlog with SEBI. However, the company remains non-operational with zero revenue, continuing losses, and a balance sheet dominated by old trade receivables (Rs. 8.43 crore) and borrowings (Rs. 2.32 crore long-term plus Rs. 91 lakh short-term), signaling significant uncertainty about revival prospects and no near-term earnings visibility.