Outcome of the Board Meeting held on 20th May 2025 for the Fourth Quarter and Financial Year ended 31st March 2025
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The Board approved audited financial results for Q4 and FY25, along with the auditor's report which carries an unmodified opinion. Total income for FY25 collapsed to Rs. 3.52 lakhs from Rs. 19.46 lakhs in FY24, a sharp ~82% decline, with Q4 FY25 revenue from operations turning negative at Rs. (0.93) lakhs. The company swung from a net profit of Rs. 10.30 lakhs last year to a net loss of Rs. 5.99 lakhs in FY25, translating to a loss per share of Rs. 1.96. Operating cash flow remained negative at Rs. (8.95) lakhs, though overall cash position improved slightly due to investing inflows. The Board also re-appointed Mr. Rohit Doshi as Director and appointed CS Manisha Chindarkar as Secretarial Auditor for FY 2025-26 to 2029-30.
Weak results: revenue shrank sharply, the company slipped into a loss, and operating cash burn continued, signalling stress in the core business. However, with a debt-equity ratio of just 0.03 and no going concern qualification, near-term solvency risk appears limited, but shareholders should watch for any recovery in revenue.