ANNUAL REPORT FOR THE FINANCIAL YEAR 2024-25
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Awaiting price reaction for this filing.
Rich Universe Network Ltd has filed its 35th Annual Report for the financial year ended March 31, 2025, ahead of its AGM on September 16, 2025. Total revenue dropped sharply from Rs. 15.06 lakhs in FY24 to just Rs. 2.51 lakhs in FY25, an 83% decline. Total expenses, however, rose to Rs. 31.83 lakhs from Rs. 23.85 lakhs, causing the pre-tax loss to widen to Rs. 29.32 lakhs from Rs. 8.79 lakhs. The Managing Director acknowledged the results were below expectations and that the year presented continued challenges. The company is also seeking shareholder approval to regularize two new non-executive directors and re-appoint M/s V. Agnihotri & Associates as Secretarial Auditor for five years.
Negative for shareholders — collapsing revenue and a sharply widening loss (more than tripled year-on-year) point to significant business stress and weak operating performance. The tone from management suggests further difficult periods ahead, which could weigh on the stock sentiment.