Outcome of Board Meeting
Price
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Awaiting price reaction for this filing.
The board, which met on 26th May 2025, approved the audited standalone and consolidated financial results for the half-year and full year ended 31st March 2025. Standalone total income fell year-on-year to roughly ₹4,341 lakh from about ₹6,110 lakh, with profit after tax at around ₹234.79 lakh. The company also reported a sharp swing to negative cash flow from operations of about ₹-512.71 lakh. Auditor M/s. Bilimoria Mehta & Co. issued an unmodified (clean) opinion on both standalone and consolidated results. The board further approved a hike in the remuneration of Executive Director & CEO Mr. Kishor Dhondu Makvan, along with a proposal to pay directors beyond the statutory overall cap, both subject to shareholder approval. It also appointed Vijaya E Shahapurkar as Internal Auditor for FY26 and M/s. Nikunj Kanabar & Associates as Secretarial Auditor for a five-year term (FY26–FY30), again subject to shareholder nod.
Shareholders will see weaker top-line and profit numbers alongside deteriorating operating cash flow, which may weigh on the stock. However, a clean audit report and stable governance appointments are positives. The CEO pay hike and crossing of the managerial remuneration limit will require shareholder approval, so investors should watch the voting outcome.