Revised outcome of the Board Meeting held on 20th May, 2025
Awaiting price reaction for this filing.
Infra Industries' board, at its meeting on May 20, 2025, approved the audited financial results for Q4 and full year ended March 31, 2025, along with an unmodified audit opinion from Kamavat & Co. The company swung from a loss in FY24 (EPS of negative Rs 7.91) to a profit in FY25 (EPS of Rs 5.22), with net profit for the year at approximately Rs 325 lakhs. Exceptional items of around Rs 236 lakhs were booked in FY25. The board also approved the reappointment of Kamavat & Co. as statutory auditors for a second 5-year term, starting from the conclusion of the upcoming AGM up to the 41st AGM. The filing notes that the company has only one reportable segment (manufacturing of PVC products) and that trading in the company's shares on BSE remains suspended pending resolution of an ongoing legal/process matter.
The turnaround from a loss-making FY24 to a profitable FY25 is a positive signal for shareholders, though the large exceptional items warrant closer look. However, share trading remains suspended on BSE due to pending legal proceedings, which is a critical concern for shareholder liquidity and exit options.