Outcome of Board Meeting held on 13/05/2025 as per attachment.
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Rajvi Logitrade Ltd's board approved audited financial results for Q4 and FY ended 31 March 2025 with an unmodified (clean) auditor's opinion. FY25 total income surged to Rs. 4,304.82 lakhs from Rs. 3,091.31 lakhs in FY24 (up ~39%), while profit after tax rose to Rs. 109.37 lakhs from Rs. 76.93 lakhs (up ~42%), with EPS at Rs. 10.94 vs Rs. 7.69. The company appointed Mr. Maulin Bhavesh Acharya and Mr. Narendrasinh Dalpatsinh Rana as additional non-executive directors, and accepted the resignation of CFO and Whole-Time Director Mr. Dipendra Tak effective 31 May 2025. The board also approved raising authorised share capital from Rs. 2.5 crore to Rs. 6.5 crore (25 lakh to 65 lakh equity shares), subject to shareholder approval via postal ballot.
Strong top-line and bottom-line growth, along with a clean audit opinion, are positive for shareholders. However, operating cash flow turned sharply negative (-Rs. 685 lakhs) and borrowings jumped to ~Rs. 1,007 lakhs (from nil), which together with the departure of the CFO/Whole-Time Director and a pending share capital expansion warrant close attention. The share capital hike signals potential fundraising, which could lead to equity dilution if shares are eventually issued.