Outcome of board meeting held on 29th May, 2025
Awaiting price reaction for this filing.
Crysdale Industries' board approved audited financial results for Q4 and full-year FY25 (ended March 31, 2025), on both standalone and consolidated basis, with the auditor issuing an unmodified (clean) opinion. Revenue from operations fell sharply to Rs 4.30 lakhs in FY25 from Rs 10.26 lakhs in FY24, and the company reported a standalone net loss of Rs 19.09 lakhs versus Rs 10.21 lakhs in the prior year; consolidated loss was Rs 19.37 lakhs. The board also appointed M/s Nitesh Chaudhary & Associates as Secretarial Auditors for FY25 and approved shifting the registered office within Mumbai from Andheri West to Andheri East (MIDC). The company newly incorporated a subsidiary, Wergreen Industries Pvt Ltd, holding 51% stake. Total equity stood at Rs 411 lakhs with negligible long-term debt, and cash & equivalents were Rs 1.38 lakhs.
For shareholders, this is a weak set of results: revenue roughly halved and losses nearly doubled year-on-year, signaling continued operational stress, though the clean audit opinion and debt-free balance sheet provide some comfort. The office shift and auditor appointment are routine administrative items and unlikely to move the stock.