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Awaiting price reaction for this filing.
The board met on May 27, 2025 and approved several items. Audited financial results for FY ended March 31, 2025 show total income of Rs 50.74 lakhs (down sharply from Rs 171.57 lakhs in FY24) and net profit of Rs 16.43 lakhs. The auditor issued a qualified opinion citing unreconciled trade receivables, payables and loans & advances due to lack of external confirmations, with impact unascertainable. Ms. Hina, an existing Whole Time Director, was additionally appointed as Chief Financial Officer. A new Secretarial Auditor (Mr. Shailendra Kumar Roy) was appointed for FY24-25. The board also approved investing in and becoming a subscriber to the MoA of certain companies, which would make them subsidiaries of Raconteur.
Internal CFO designation (an existing WTD taking on CFO role) is neutral for shareholders. Falling revenue and a qualified audit opinion with unconfirmed balances raise governance and earnings quality concerns. Plans to create subsidiaries through fresh investments signal inorganic expansion but also increase the risk profile of a small company.