Board of Directors at its meeting held at the Registered office of the Company, today i.e. 29th May, 2025, inter-alia has considered and approved the following: 1. Audited Financial ....
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Premier Synthetics Limited's Board, at its meeting on 29th May 2025, approved audited financial results for Q4 and FY ending 31st March 2025. Revenue from operations surged ~85% YoY to ₹1,479.64 lakhs (from ₹799.07 lakhs in FY24), and the company swung from a net loss of ₹220.53 lakhs to a net profit of ₹149.07 lakhs, helped by both continuing textile trading and discontinued operations. The statutory auditor (Purushottam Khandelwal & Co.) issued an unmodified (clean) opinion on the results. The Board also recommended a token 0.01% dividend on preference shares (subject to AGM approval) and appointed M/s. Sanket S. Shah & Associates as Internal Auditor and M/s. Jigar Trivedi & Co. as Secretarial Auditor for FY25-26. Notably, cash flow from operating activities turned negative at ₹350.58 lakhs despite the headline profit recovery.
The sharp revenue jump and turnaround to profitability are positive for sentiment, but the negative operating cash flow is a watch-out flag — profits aren't yet converting into cash. Clean (unmodified) audit opinion and continued governance stability should reassure investors.