OUTCOME UNDER REG 30 & 33 OF SEBI (LODR) REGULATIONS 2015 FOR THE MEETING OF BOARD OF DIRECTORS OF THE COMPANY HELD TODAY.
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The Board of Directors approved the audited standalone financial results for Q4 and Financial Year ended 31st March 2026. Total income increased to Rs. 129.82 lakhs from Rs. 96.17 lakhs in the previous year (approx 35% growth). However, net profit declined sharply to Rs. 5.37 lakhs from Rs. 51.88 lakhs in the previous year (approx 90% decline). EPS stood at Rs. 0.17 versus Rs. 1.69 in FY 2024-25. The auditor issued a Qualified Opinion due to inability to verify investments of Rs. 18.73 lakhs in shares and securities as management did not provide demat statements. This qualification has persisted for 5 consecutive years. After adjusting for the qualification impact, the company would show a net loss of Rs. 13.36 lakhs instead of profit. Operating cash flow turned significantly negative at Rs. -121.58 lakhs compared to positive Rs. 176.81 lakhs in the previous year.
The qualified audit opinion indicating unverifiable investments for 5 straight years raises red flags about corporate governance and financial transparency. Despite revenue growth, the dramatic profit decline and negative operating cash flow suggest deteriorating financial health, which could concern shareholders.