Pursuant to Regulation 30, Regulation 33 and other applicable provisions of the SEBI (LODR) Regulations, 2015, we would like to inform you that the Board of Directors of the Company in ....
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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 approved audited standalone financial results for Q4 and FY ended March 31, 2025. Full-year revenue from operations grew to Rs. 2,659.21 lakhs from Rs. 1,961.79 lakhs in FY24, a rise of about 35%. However, the net loss widened sharply to Rs. 328.98 lakhs versus Rs. 64.05 lakhs in the previous year. The auditor issued an unmodified (clean) opinion but flagged two emphasis-of-matter items: Rs. 426.47 lakhs reclassified as slow-moving inventory and a pending scheme of amalgamation with Shiva Texfabs Limited awaiting BSE/SEBI approvals. The company also confirmed no deviation in the use of funds raised via preferential warrant issues, which are partly being used to acquire a stake in Shiva Texfabs.
Despite strong revenue growth, the company reported a larger annual loss and used most of its cash to invest in Shiva Texfabs shares tied to the pending merger. Shareholders should watch for BSE/SEBI approval of the amalgamation scheme, as it could materially reshape the business; until then, profitability concerns remain.