OUTCOME OF BOARD MEETING HELD ON 27.05.2025
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Awaiting price reaction for this filing.
The board approved audited financial results for Q4 and FY ended 31 March 2025, along with re-appointing M/s S. Jain & Co. as Internal Auditor for FY26 and appointing M/s Pooja M. Kohli & Associates as Secretarial Auditor for a five-year term (FY26–FY30). Revenue from operations fell to zero in FY25 from ₹15.60 lakh in FY24, with total revenue (including other income) plunging to ₹34.10 lakh from ₹155.04 lakh. Net profit for FY25 came in at ₹14.73 lakh versus ₹108.42 lakh in FY24, a sharp ~86% decline, though the company stayed profitable. EPS for FY25 stood at ₹0.87 versus ₹6.93 last year. Statutory auditor Bhushan Aggarwal & Co. issued an unmodified opinion on the results.
Sharply falling operating revenue and a steep drop in profits are negative signals for shareholders, though the unqualified audit opinion and ongoing capital raises (share warrants worth ₹142.73 lakh) provide some comfort. The stock may see negative sentiment given the deteriorating top line and the company's growing dependence on other income and financing activities to stay afloat.