Please find attached herewith financial results for period ended 31/03/2025
Awaiting price reaction for this filing.
Pasupati Fincap Ltd reported audited FY25 results with total income of Rs 6.50 lakhs (up from near-zero in FY24) but a wider net loss of Rs 35.19 lakhs compared to Rs 11.52 lakh loss in FY24. Accumulated losses pushed reserves deep into negative territory at Rs (529.62) lakhs, leaving net worth at Rs (59.62) lakhs. Long-term borrowings nearly tripled to Rs 60.15 lakhs from Rs 21.71 lakhs. Operating cash flow remained negative at Rs (30.26) lakhs. Statutory auditor V.R. Bansal & Associates, newly appointed for FY25 (replacing M/s Santosh Sushama Keshri & Co. who audited FY24), issued an unmodified opinion. The board also appointed a new Whole Time Director (Anil Malik), two Independent Directors (Sanjeev Khanna, Sandhya Kohli), and redesignated the CEO Rishabh Talwar as Non-Executive Director. Trading on BSE was suspended earlier in the year due to penal reasons, revocation effective June 3, 2024.
Negative net worth, deepening losses, and persistent negative operating cash flow raise serious concerns about the company's financial health, though the new auditor gave a clean unmodified opinion without flagging going concern issues. The substantial board restructuring signals a governance reset, but shareholders should watch closely for any return to sustainable revenue and profitability.