Pursuant to Regulation 30 read with Part A of Schedule lll of the SEBI (Listing Obligations and Disclosure Requirement Regulations, 2015, we wish to inform you that the Board of Directors ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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The board, meeting on May 30, 2025, approved the standalone audited financial results for Q4 and FY ended March 31, 2025 along with revised related party transactions, whistle blower, and materiality of events policies. Revenue from operations jumped sharply to Rs. 22,002 lakhs in FY25 from Rs. 2,884 lakhs in FY24, driven mainly by the Bullion segment. The company swung from a loss of Rs. 824 lakhs in FY24 to a profit of Rs. 1,083 lakhs in FY25, with EPS improving to Rs. 0.99 from negative Rs. 3.57. The auditor (Rakchamps & Co. LLP) issued an unmodified opinion but flagged an Emphasis of Matter regarding a provision for compensation and its impact on liabilities. The company also highlighted disputed income tax demands of roughly Rs. 72 crore pending at CIT(A) and High Court levels.
Strong turnaround story for shareholders - revenue and profits have surged dramatically from a small base, but cash flow from operations remains negative and large tax disputes worth about Rs. 72 crore remain unresolved, which keeps near-term risk elevated despite the headline profit recovery.