Outcome of Board Meeting
Price
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Awaiting price reaction for this filing.
The board, which met on May 28, 2025, approved audited standalone and consolidated financial results for Q4 and the financial year ended March 31, 2025, with the statutory auditor issuing an unmodified opinion. On a consolidated basis, FY25 revenue rose about 15% to roughly Rs. 81.58 crore (from Rs. 70.64 crore in FY24), but profit after tax fell sharply to about Rs. 2.64 crore from Rs. 5.74 crore, with margins under pressure despite higher topline. The Trading segment continues to dominate, contributing nearly all of the revenue, while the Non-Banking Financial Business and other segments remain negligible. The board also re-appointed Mr. Janak Mehta as Internal Auditor for FY26, re-appointed M/s. Dipti Nagori & Associates as Secretarial Auditor for five years (FY26–FY30, subject to shareholder approval), and elevated promoter Mr. Prabhas Jiwanram Sanghai from Non-Executive Non-Independent Director to Executive Director for three years.
Mixed bag for shareholders: top-line growth is positive, but the sharp drop in profits may weigh on the stock in the short term; the elevation of a promoter to Executive Director signals more hands-on management involvement.