Outcome of Board Meeting
Price
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Roselabs Finance Ltd, a subsidiary of Macrotech Developers (Lodha Group), announced audited results for FY25 at its board meeting on April 18, 2025. Total income fell to Rs 72.59 lakhs from Rs 117.78 lakhs in FY24, a decline of around 38%. The company reported a net loss of Rs 29.17 lakhs, widening from a loss of Rs 13.20 lakhs in FY24. Total expenses stood at Rs 101.76 lakhs, well above income, leading to continued operating losses. The auditor MSKA & Associates issued an unmodified (clean) opinion on the results. The board also noted the ongoing scheme of merger by absorption with Macrotech Developers Ltd, approved earlier in July 2024, which is still subject to necessary approvals.
The company continues to post losses with negative net worth of Rs 472.76 lakhs and negative operating cash flows, but its fate is tied to the pending merger with parent Macrotech Developers. Shareholders may see little standalone improvement; the key catalyst is regulatory approval of the merger scheme.