ENCLOSED HEREWITH BOARD MEETING OUTCOME DATED 24/05/2025
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The board approved audited financial results for Q4 and full year ended March 31, 2025. Total income for FY25 stood at Rs. 77.60 lakhs versus Rs. 80.95 lakhs in FY24, with a net loss of Rs. 9 lakhs (FY24 had a much larger Rs. 1,249.77 lakh loss due to a one-time exceptional item of Rs. 1,248.74 lakhs). Total assets were Rs. 786.96 lakhs and EPS for the year was Rs. -0.02. The company also appointed Mr. Nitin Arvind Oza, a Chartered Accountant with 25+ years of experience, as Internal Auditor for FY 2025-26 to meet compliance requirements. The statutory auditor Spark & Associates issued an unmodified audit opinion.
Routine board outcome with continued small losses; FY25 results show operational improvement versus the prior year's exceptional-item-driven loss. The internal auditor appointment is a standard compliance matter with no material impact on shareholders.