Please find attached outcome of the Board Meeting
Awaiting price reaction for this filing.
Dhani Services Limited reported consolidated FY25 results with total income rising slightly to ₹48,688 lakhs (vs ₹47,934 lakhs in FY24), but revenue from operations declined ~6.6% to ₹39,477 lakhs. The company posted a consolidated loss after tax of ₹6,765 lakhs, a sharp improvement from the ₹37,394 lakh loss in FY24, while Q4 FY25 swung to a profit of ₹629 lakhs. However, total comprehensive loss worsened significantly to ₹73,738 lakhs (vs ₹36,758 lakhs), as ₹67,220 lakhs of impairments and provisions were routed through Other Comprehensive Income instead of the Profit & Loss account. Auditor Hem Sandeep & Co. issued a qualified opinion, stating that if properly classified, the loss after tax would be materially higher and one key subsidiary (Dhani Loans and Services) would have shown a ₹7,146 lakh loss instead of profit. An emphasis of matter was also raised on the ongoing composite scheme of amalgamation merging Dhani Services and certain subsidiaries into Yaari Digital Integrated Services Limited, which has received NCLT first motion approval. A new residential project at Sector 104, Gurugram was launched in January 2025, with five more real estate projects in the pipeline.
The qualified audit opinion and large-scale impairment classification to OCI are red flags — the headline loss significantly understates the true financial deterioration. Shareholders should weigh the proposed merger with Yaari Digital and the new real estate foray as potential value-unlock triggers, but underlying business remains loss-making with weakening equity reserves (down ~18% YoY).