Please find enclosed herewith the Outcome of Board Meeting held on May 28, 2025
Awaiting price reaction for this filing.
Revati Media Ltd's board, meeting on May 28, 2025, approved the appointment of Mrs. Vrushali Sunil Malkar as the new Chief Financial Officer, replacing Amit Tusharkanti Ghosh who ceased from the post. The board also approved the audited standalone financial results for Q4 and full year ended March 31, 2025. The company reported zero revenue from operations for FY25, with total income of Rs 17.70 lakhs versus Rs 9.70 lakhs in FY24. Net loss narrowed to Rs 27.81 lakhs (FY25) from Rs 41.86 lakhs (FY24), with loss per share of Rs 0.93 vs Rs 1.40. The statutory auditor issued a qualified opinion flagging old MSFC and SICOM loan issues and un-written-off fixed assets of Rs 52.36 lakhs taken over in 1998.
The CFO change is a routine leadership transition, but the recurring auditor qualification around MSFC/SICOM defaults (over Rs 1.2 crore in secured loans) remains unresolved. Weak operations with nil core revenue and accumulated losses suggest shareholders should watch for improvement in business activity and clarity on legacy debt.