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