Outcome of Board meeting held on 28.05.2025
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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The Board approved standalone audited financial results for Q4 and full year ended March 31, 2025. Total income rose sharply to Rs. 85.13 lakhs in FY25 from Rs. 20.47 lakhs in FY24, mainly due to a spike in 'other income' of Rs. 63.13 lakhs (vs just Rs. 0.02 lakh last year). Core revenue from operations remained almost flat at Rs. 22.00 lakhs vs Rs. 20.45 lakhs. The company reported a net profit of Rs. 63.70 lakhs vs Rs. 0.27 lakh, but operating cash flow was only Rs. 0.15 lakh. The Board also appointed Internal Auditor and Secretarial Auditor. The statutory auditor issued an unmodified opinion but flagged that the company's equity capital has been completely wiped out, with negative reserves of Rs. (1,715.66) lakhs, raising serious going concern concerns.
While headline profit appears strong, it is almost entirely driven by non-operating 'other income' rather than the core business, which continues to be very small. Shareholders should be cautious — negative net worth and wiped-out equity signal deep financial distress despite the seemingly improved bottom line.