31st Annual Report for the Financial Year 2024-2025
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Risa International Ltd has submitted its 31st Annual Report for FY 2024-25 to BSE as required under SEBI Listing Regulations. The company reported zero revenue from operations and zero other income during the year, with total expenses of Rs. 900.22 lacs, resulting in a net loss of Rs. 900.22 lacs — an improvement from the Rs. 1,477.24 lacs loss in FY 2023-24. Basic EPS stood at Rs. (0.56) versus Rs. (0.93) in the previous year. The 31st AGM is scheduled for September 22, 2025 at 1:30 PM via video conferencing. Shareholders will vote on adopting financials, re-appointing Mr. Abhinandan Jain (who holds 634,796 shares) as a director, appointing M/s. Motilal & Associates LLP as the new statutory auditor for five years (replacing M/s. AMS & Co), and appointing M/s. Suprabhat & Co as secretarial auditor for five years from FY 2025-26 to FY 2029-30.
The company continues to have no business operations or revenue while burning cash, which is a serious red flag for shareholders. The narrowing loss offers some comfort but does not change the fundamental issue of a non-operating business. The auditor changes are routine but shareholders should scrutinize the absence of any business revival plan.