OUTCOME OF BOARD MEETING
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The board approved audited standalone results for Q4 FY25 and the full year ended 31 March 2025. The company had no revenue from operations in FY25 (down from Rs 3.70 lakh in FY24), with total income falling sharply to Rs 97.46 lakh from Rs 400.48 lakh a year ago, driven mainly by lower other income. Net profit for the year stood at Rs 62.84 lakh (EPS Rs 2.07), down from Rs 286.01 lakh (EPS Rs 9.42) in FY24, which had benefited from a large one-time gain on sale of assets. The auditor (Shah Khandelwal Jain & Associates) issued an unmodified opinion on the results. Other equity remained deeply negative at Rs -1,044.56 lakh, and cash from operations was marginally negative at Rs -0.91 lakh.
For shareholders, the headline numbers look weak on a year-on-year basis, but the FY24 base included a large exceptional gain on asset sales, making the comparison less meaningful. The persistent negative reserves and absence of operating revenue suggest the business is not generating sustainable income, which is a concern for long-term value despite the clean audit opinion.