Outcome of Board Meeting
Price
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The board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025. On a standalone basis, net profit surged to ₹217.43 lakhs from ₹46.99 lakhs (up ~363%), and total income rose 53% to ₹475.04 lakhs, though revenue from core operations remained nil. On a consolidated basis (including subsidiary Sea-King Club Pvt Ltd), total income grew ~25% to ₹7,066 lakhs but net profit fell sharply to ₹269.39 lakhs from ₹651.31 lakhs (down ~59%). Auditor Vora & Associates issued an unmodified (clean) opinion on both sets of results. The board also appointed Ms. Ranjhana J Sahani as Internal Auditor for FY26 and M/s SG and Associates as Secretarial Auditor for a 5-year term (FY26-FY30).
Mixed picture for shareholders — strong standalone profitability is offset by a significant drop in consolidated earnings, suggesting the subsidiary dragged down group performance. Standalone operating cash flow was negative again, but the company remains debt-free with reserves of ₹7,167 lakhs and EPS improved to ₹1.29 (standalone). No red flags from the auditor, and new auditor appointments strengthen governance.