Board Meeting Outcome To Consider And Approve Un-Audited Financial Results For The Quarter Ended 30.06.2025 and to consider and approve the Annual Report for the Financial Year 2024-25
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Prima Agro's Board approved the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025), showing a loss after tax of Rs 3.11 lakhs against a profit of Rs 0.66 lakhs in the same quarter last year. Revenue from operations slipped to Rs 25.99 lakhs from Rs 27.19 lakhs, while total expenses rose to Rs 30.11 lakhs from Rs 26.89 lakhs, driven mainly by higher employee and administrative costs. The Annual Report and audited financials for FY25 were also approved, reflecting a full-year loss of Rs 4.52 lakhs. The 38th Annual General Meeting has been scheduled for September 15, 2025. Notably, the Board extended the redemption period of 60 lakh unlisted 10% redeemable preference shares (worth Rs 6 crore) by seven years—from April 2026 to April 2033—citing better cash flow management.
Persistent quarterly losses, rising costs, and the need to push out preference share redemption by seven years point to ongoing cash flow constraints, which is negative for shareholders. Investors should watch Q2 results and AGM approvals closely, especially the preference share extension.