Submission of Outcome of Board meeting held on May 09, 2025.

Revenue growth above 20%Related-party transactionsNegative operating cash flowResults View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+1.3%Reaction day

₹68.96

prior close

₹65.02

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+4.6%-3.3% vs market

Plastic Products - Industrial peers, median of 41sector+3.1%-1.7% vs sector

On the reaction day the stock moved 3.3 pts less than Nifty Microcap 250 and 1.7 pts less than its Plastic Products - Industrial peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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15m

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.3+4.6-3.3+3.1-1.7

Next day

-1.7+6.3-8.0+5.0-6.7

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15d

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-2.9+17.0-19.9+10.0-12.9

-8.7+11.4-20.1+1.1-9.7

UpDownMarket · Nifty Microcap 250Sector · Plastic Products - Industrial peers, median of 41Pending

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AI summary

The board approved audited standalone financial results for Q4 and FY ended March 31, 2025. Total revenue for FY25 rose to Rs. 22,135.49 lakhs from Rs. 15,262.97 lakhs in FY24, a growth of about 45%. Profit after tax grew modestly to Rs. 622.38 lakhs from Rs. 565.06 lakhs (about 10%), while Q4 standalone PAT stood at Rs. 61.28 lakhs. Statutory auditor Mamraj & Co. issued an Unmodified Opinion. The board also appointed Mr. Subhash Kataria as Internal Auditor and M/s S. Shekhar & Co. as Cost Auditors for FY26. Additionally, the company entered into a loan agreement for up to Rs. 20 crore with Gladiolus Finance Consultants Pvt Ltd, a related party holding 15.81% in the company, and noted as not done on an arm's length basis, for working capital needs.

Likely market impact

Strong top-line growth and a clean audit opinion are positives for shareholders, but the related-party loan (not at arm's length) and a sharply negative operating cash flow of Rs. (1,440.70) lakhs versus Rs. (281.56) lakhs last year signal working capital stress, which the Rs. 20 crore related-party borrowing appears designed to address.