Outcome of Board meeting held on 28.05.2026
Awaiting price reaction for this filing.
Keto Motors Limited (formerly Taaza International) held its Board meeting on May 28, 2026. The company reported audited results for Q4 and FY 2025-26 with revenue of Rs. 213.26 lakhs and a net loss of Rs. 17.64 lakhs for the year, compared to a loss of Rs. 5.29 lakhs in the previous year. The auditors issued an unmodified (clean) opinion. Key governance changes include appointment of Mr. Avula Venkata Narayana Reddy as Additional Director (Non-Executive Non-Independent) and resignation of CFO Mr. Rohit Aidasani effective May 25, 2026. The company completed its NCLT-approved merger (Resolution Plan dated June 12, 2025) during Q4, resulting in significant restructuring of the entity with a 10x increase in equity share capital to Rs. 7,043.45 lakhs. However, the balance sheet shows concerning indicators including negative other equity of Rs. (1,162.14) lakhs, total borrowings of Rs. 3,797.33 lakhs, and negative operating cash flow of Rs. 60.22 lakhs.
The company remains loss-making with negative equity and high debt levels post-restructuring. CFO resignation adds to governance concerns. However, clean audit opinion and new director appointment provide some stability. Investors should monitor cash position and turnaround progress.