Outcome of Board Meeting of the Company dated May 22, 2025.
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The Board approved audited financial results for Q4 and FY ended March 31, 2025. Total revenue for FY25 stood at Rs. 226.05 lakhs, a steep decline from Rs. 1,156.18 lakhs in FY24. Despite the revenue drop, the net loss narrowed sharply to Rs. 18.52 lakhs from Rs. 18.52 lakhs... actually Rs. 18.52 lakhs in FY25 vs Rs. 166.64 lakhs in FY24, as total expenses fell to Rs. 244.44 lakhs. Operating cash flow turned negative at Rs. (35.61) lakhs compared to a positive Rs. 86.50 lakhs last year. Other equity remains in negative territory at Rs. (319.78) lakhs due to accumulated losses. The statutory auditor, M/s Shanker and Kapani, issued an unmodified opinion. The Board also appointed Mr. Ravi Seth as Internal Auditor for FY26 and CS Uma Lodha as Secretarial Auditor for a five-year term (FY26–FY30), subject to shareholder approval.
The sharply lower revenue reflects weak trading activity in yarn and polymers, which is a concern, though the much smaller loss and tighter cost control offer some comfort. With negative other equity and negative operating cash flow, the company's financial health remains fragile for shareholders.