Board Meeting Outcome for the declaration of Audited Financial Results half year and Year end as on 31.03.2025.
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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 audited standalone and consolidated financial results for FY25 along with an unmodified (clean) opinion from statutory auditors Jay Gupta & Associates. Standalone revenue from operations crashed to Rs. 1,192.61 lakhs from Rs. 2,927.32 lakhs in FY24, a steep drop of nearly 59%. The company swung to a standalone loss after tax of Rs. 25.37 lakhs versus a profit of Rs. 101.36 lakhs last year, with EPS turning negative at Rs. (0.60). On a consolidated basis, the loss widened sharply to Rs. 433.54 lakhs due to a Rs. 408.15 lakh share of losses from associate M Ahuja Project (India) Pvt Ltd. Operating cash flow turned negative at Rs. (52.01) lakhs and year-end cash balance fell to just Rs. 0.15 lakhs. The board also reappointed internal auditors and appointed M/s Nitin Agrawal & Co as secretarial auditors for five years.
Sharp revenue collapse, a return to losses, and a near-zero cash balance signal serious operational and financial stress for shareholders. The heavy losses from the associate company further weaken the consolidated picture, though the clean audit opinion provides some comfort on reporting integrity.