Outcome of Board Meeting of the Company held on 29th May, 2025
Awaiting price reaction for this filing.
The Board of Aagam Capital Limited met on 29th May, 2025 and approved the audited financial results for the quarter and financial year ended 31st March, 2025, with the statutory auditor (B.M. Gattani & Co.) issuing an unmodified opinion. The Board also appointed M/s Suprabhat & Co. as Secretarial Auditor for a 5-year term (FY 2025-26 to FY 2029-2030) and M/s Abhishek R Jain & Co. as Internal Auditor for FY 2025-26. No dividend has been recommended for FY 2024-25. Total income for FY25 stood at around Rs 3.21 lakhs, slightly lower than Rs 3.83 lakhs in FY24, while the company reported a loss before tax of approximately Rs 12.57 lakhs with negative other equity of Rs (354.51) lakhs, indicating accumulated losses.
The results show continued weak operating performance with declining revenues and a loss-making position alongside deeply negative reserves, but the appointment of new secretarial and internal auditors is a routine governance step. Shareholders should note the absence of any dividend and the company's persistent accumulated losses, which remain a key concern despite the clean audit opinion.