Outcome of the Board Meeting dated May 26, 2025 has been attached herewith.
Awaiting price reaction for this filing.
Univa Foods' Board approved its audited standalone financial results for the quarter and full year ended March 31, 2025, with the statutory auditor B.M. Gattani & Co. issuing an unmodified (clean) opinion. Revenue from operations collapsed dramatically to about ₹5 lakhs in FY25 from around ₹72 lakhs in FY24, a roughly 93% year-on-year decline. The company reported a net loss of ₹20.84 lakhs for FY25, an improvement from the ₹71.07 lakh loss in FY24, but profitability remains negative. The balance sheet shows total equity in the red at ₹(75.60) lakhs versus ₹(54.74) lakhs a year earlier, while non-current borrowings rose to ₹71.51 lakhs from ₹50.96 lakhs. Operating cash flow was negative at ₹(20.93) lakhs, and cash and cash equivalents stood at just ₹0.48 lakhs at year-end.
For shareholders, this is a deeply concerning set of numbers — the near-total collapse in operating revenue and persistently negative equity suggest the core business is barely functioning, even though losses have narrowed. The clean audit opinion is a small positive, but the combination of negative equity, near-zero cash, and shrinking revenue raises serious questions about the company's long-term viability.