Revised outcome
Awaiting price reaction for this filing.
The board, at its meeting on 21 May 2025, approved the audited standalone financial results for the quarter and year ended 31 March 2025. The company reported total income of just ₹5.24 thousand in FY25 (essentially nil) against total expenses of ₹95.64 lakh. An extraordinary item of ₹5.77 crore led to a net loss of ₹6.73 crore, sharply higher than the ₹0.95 crore loss in FY24. Total equity turned negative at -₹2.46 crore (vs +₹4.27 crore a year ago), and short-term borrowings jumped to ₹5.53 crore from ₹1.20 crore. No dividend was declared for FY25. The auditor issued an unmodified (clean) opinion and reported adequate internal financial controls.
Significant red flags for shareholders — losses have widened seven-fold, net worth has eroded into negative territory, debt has risen sharply, and the company has skipped dividends. The stock is likely to come under selling pressure, though the clean auditor report offers limited comfort given the deteriorating balance sheet.