Outcome of the Meeting of Board of Directors held on 29th May, 2025 at 03:30 P.M.
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The Board of Directors of Rishabh Digha Steel & Allied Products, held on May 29, 2025, approved the audited standalone financial results for Q4 and full year ended March 31, 2025, along with the appointment of M/s Yogesh Bhuva & Co. as Internal Auditor for FY 2025-26. The auditor (Bilimoria Mehta & Co.) issued an unmodified (clean) opinion on the results. Revenue from operations for FY25 collapsed dramatically to about Rs. 105.27 lakhs versus Rs. 1,579.66 lakhs in FY24 — a decline of roughly 93%. Net profit for the year was just Rs. 7.79 lakhs compared to Rs. 1,150.05 lakhs in FY24, an over 99% fall. The balance sheet shows borrowings were almost fully repaid (from Rs. 30.23 lakhs to Rs. 0.03 lakhs) and operating cash flow turned negative at Rs. (8.72) lakhs versus a positive Rs. 107.23 lakhs last year, indicating the core business has largely wound down.
For shareholders, this is a sharply negative year — revenue and profits have nearly evaporated year-on-year, and the company is now generating negative operating cash. With borrowings cleared and cash balances still positive, near-term solvency is not at risk, but the near-absence of operating revenue raises questions about future business activity and the company's direction.