OUTCOME OF BOARD MEETING UNDER REGULATIONS 30 AND 33 OF SEBI (LODR) REGULATIONS, 2015
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The Board of Directors of Regal Entertainment & Consultants Ltd approved the audited standalone financial results for the quarter and financial year ended March 31, 2025. Revenue from operations surged to Rs 86.03 lakhs in FY25 from Rs 8.66 lakhs in FY24 (nearly 10x growth), while net profit after tax jumped to Rs 51.88 lakhs from Rs 0.15 lakhs, translating to an EPS of Rs 1.69. The auditor (DBS & Associates) issued a Qualified Opinion flagging three issues: non-compliance with RBI filing requirements for NBFC status, unverifiable investments of Rs 18.73 lakhs, and an unprovided BSE SOP penalty of Rs 81.42 lakhs. An Emphasis of Matter was also raised regarding a loan realization assignment with a third party involving Rs 230.86 lakhs. The Board also appointed new Secretarial Auditor, Internal Auditor, and Scrutinizer for FY25-26, and reconstituted three board-level committees after one independent director ceased.
While headline numbers show dramatic growth, the qualified audit opinion and recurring RBI compliance gaps raise governance red flags. The unprovided Rs 81.42 lakh BSE penalty is a material contingent liability that could hit future earnings, and shareholders should watch for RBI action on NBFC licensing issues.