31st Annual Report for the Financial Year 2024-2025
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Risa International Limited has submitted its 31st Annual Report for FY 2024-2025 to BSE. The company reported zero revenue from operations and zero other income, down marginally from ₹0.09 lacs in FY 2023-24. Total expenses were ₹900.22 lacs, down from ₹1,477.24 lacs in the previous year, while the net loss narrowed to ₹900.22 lacs from ₹1,477.24 lacs. Loss per share improved to ₹(0.56) from ₹(0.93). The 31st AGM is scheduled for September 22, 2025 via video conferencing. The company is also seeking shareholder approval to appoint M/s. Motilal & Associates LLP as the new statutory auditor for a five-year term, replacing M/s. AMS & Co. whose term ends at this AGM.
For shareholders, this is concerning — the company has effectively no revenue-generating operations and continues to post large losses, though the loss has narrowed year-on-year. The auditor change is a routine end-of-term rotation rather than a red flag. Investors should note the non-operational status and lack of clarity on revenue revival plans.