OUTCOME OF THE BOARD MEETING FOR THE APPROVAL OF THE ANNUAL AUDITED FINANCIAL RESULTS FOR THE PERIOD ENDED ON 31.03.2026.
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Rich Universe Network Ltd reported strong financial turnaround for FY 2025-26 with total income of Rs. 74.92 lakhs, a significant jump from Rs. 2.31 lakhs in the previous year. The company posted a net profit of Rs. 49.98 lakhs compared to a net loss of Rs. 29.32 lakhs in the prior year. EPS improved to Rs. 0.69 per share from negative Rs. 0.40. The statutory auditor M/s SRIVASTAVA S & CO issued an unmodified (clean) opinion on the financial results. The board also approved appointment of Mrs. Astha Chaturvedi, Company Secretary, as internal auditor for FY 2026-27. Operating cash flow was negative at Rs. 13.17 lakhs due to increase in trade receivables.
The company has returned to profitability after two years of losses, which is positive for shareholders. However, the negative operating cash flow and heavy reliance on other income (Rs. 74.92 lakhs vs near-zero revenue from operations) raises questions about the sustainability of operations.