Outcome of Meeting of Board of Directors
Price
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Awaiting price reaction for this filing.
The board approved audited financial results for FY ended 31 March 2025, reporting total income of Rs. 50.74 lakhs, down sharply from Rs. 171.57 lakhs in FY24 (a drop of about 70%). Net profit fell to Rs. 16.42 lakhs from Rs. 111.22 lakhs, with EPS of Rs. 0.54 vs Rs. 3.70 earlier. The statutory auditor (Kapil Sandeep & Associates) issued a qualified opinion citing unconfirmed trade receivables, trade payables, loans and advances, and large cash transactions lacking supporting evidence; this is flagged as a repetitive qualification. The board also appointed Mr. Shailendra Kumar Roy as Secretarial Auditor, elevated Whole Time Director Ms. Hina to CFO, and approved plans to subscribe to and invest in new companies that will become subsidiaries.
The qualified audit opinion and steep drop in revenue and profits are negative signals that may pressure the stock and reduce investor confidence. New short-term borrowings of Rs. 528.85 lakhs and the plan to float subsidiaries add execution risk, while the CFO change and expansion plans are modest positives. Retail investors should treat the financial numbers with caution until external confirmations are obtained.