Please find enclosed attachment of outcome of board meeting held on today dated 13.05.2025 at 11.30 a.m
Awaiting price reaction for this filing.
OTCO International's board approved audited standalone financial results for FY ended March 31, 2025, with an unmodified (clean) audit opinion from B.N. Misra & Co. Revenue from operations jumped sharply to Rs 201.45 lakhs from Rs 75.02 lakhs last year, and the company swung to a net profit of Rs 0.96 lakhs compared to a loss of Rs 0.96 lakhs in FY24. However, operating cash flow turned deeply negative at Rs -198.65 lakhs versus Rs 90.92 lakhs inflow last year, and other equity collapsed from Rs 263.14 lakhs to just Rs 6.74 lakhs. Several management changes were approved, including appointment of Ms. Sneha Pandda as new CFO, redesignation of Ms. Madhusmita Panda as Company Secretary, and re-appointment of WTD Ms. Bagyalakshmi Thirumalai for another 5-year term. New Secretarial and Internal Auditors were also appointed.
Mixed picture for shareholders: strong top-line growth and return to profitability are positives, but the steep drop in other equity and large negative operating cash flow raise concerns about cash generation and capital allocation. Management churn and asset sale authorization add uncertainty, though the clean audit opinion provides some comfort.