Outcome of Board Meeting held on May 20, 2025
Awaiting price reaction for this filing.
The Board of Directors of Peoples Investments Limited approved the audited financial results for the quarter and financial year ended March 31, 2025, at a meeting held on May 20, 2025. The statutory auditors, Khandhar Mehta and Shah, issued an unmodified (clean) opinion on the annual results. Total income for FY25 stood at Rs. 5.02 lakhs, down from Rs. 6.08 lakhs in FY24, a decline of about 17%. The company reported a net loss of Rs. 2.12 lakhs for FY25, significantly wider than the Rs. 0.18 lakh loss in FY24, translating to a basic/diluted EPS of Rs. (1.06). Total expenses rose to Rs. 7.14 lakhs from Rs. 6.26 lakhs, with listing fees alone accounting for Rs. 3.84 lakhs. The company's other equity (reserves) is deeply negative at Rs. (18.01) lakhs against equity share capital of Rs. 20 lakhs, total assets stand at just Rs. 2.29 lakhs, and operating cash flow was negative at Rs. (2.14) lakhs.
The company is loss-making with negligible revenue and has negative reserves, meaning its accumulated losses exceed its share capital. Shareholders face continued erosion of book value with no operational turnaround in sight, though the clean audit opinion and absence of any going concern flag limit immediate alarm.