Outcome of Board Meeting -Submission of Audited Standalone and Consolidated Financial Results for the quarter and year ended on 31st March 2025 and other outcome
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Relic Technologies' board, which met on May 27, 2025, approved the audited standalone and consolidated financial results for Q4 and the full year ended March 31, 2025. The auditors issued an unmodified (clean) opinion on the results. The board also appointed Mr. Karthik Iyer (Swaminathan) as Additional Director and Executive Director (Whole Time Director) effective June 1, 2025, subject to shareholder approval. Additionally, the board approved an alteration of the Object Clause of the company, pending shareholder and regulatory clearances.
A clean auditor opinion is a routine positive sign, while the new executive director and proposed change in business objects could signal a strategic shift in the company's direction — investors should review the separately filed financial results and watch for the shareholder approval outcome.