Outcome of Board Meeting held on 24.05.2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board approved audited financial results for Q4 and FY ended March 31, 2025, with statutory auditors issuing an unmodified opinion. For FY25, revenue from operations stood at ₹3,042.07 lakhs (vs ₹3,006.40 lakhs in FY24), while net loss narrowed significantly to ₹(71.52) lakhs from ₹(141.75) lakhs, and EPS improved to ₹(1.56) from ₹(3.10). Ms. Swarupa Rani K, already serving as Compliance Officer, was elevated to Company Secretary following the resignation of the previous CS. Mr. Krishna Kumar Maheshwari was re-appointed as Independent Director for a second term of 5 years from July 30, 2025 to July 29, 2030, subject to shareholder approval. M/s KSVB & Co. and M/s Sayani & Associates were re-appointed as Internal and Secretarial Auditors respectively for FY 2025-26.
Loss-making trend continues but is halving year-on-year, showing operational improvement; however, operating cash flow turned sharply negative (₹(159.98) lakhs vs ₹141.52 lakhs) and borrowings rose substantially, signalling continued reliance on debt. Routine re-appointments and the clean audit opinion offer no fresh catalysts for the stock.