Further to our Letter dated 22.05.2025, we wish to inform you that the Board of Directors of the Company at its meeting held today i.e., May 29, 2025, has approved the following: a) Annual ....
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The board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025. Standalone revenue from operations rose to Rs 147.69 lakhs (FY24: Rs 123.59 lakhs), but the company posted a wider standalone loss of Rs 31.70 lakhs versus Rs 5.04 lakhs in the prior year, with EPS of Rs (0.18). On a consolidated basis, revenue grew to Rs 664.87 lakhs (FY24: Rs 609.68 lakhs) while profit after tax fell sharply to Rs 29.77 lakhs from Rs 56.05 lakhs (EPS Rs 0.19 vs Rs 0.35). The board also approved the 18th AGM notice, re-appointed Kalyanasundaram and Associates as internal auditors, appointed M K Madhavan and Associates as secretarial auditor for five years, and cleared the annual report. The statutory auditor issued an un-modified opinion but flagged an Emphasis of Matter on a pending Supreme Court case related to additional compensation for compulsorily acquired land.
Mixed signals for shareholders: top-line growth was modest while bottom-line worsened both standalone and consolidated, and standalone operating cash flow was deeply negative. The pending land compensation case remains an unresolved overhang, though the un-modified audit opinion and zero qualified borrowings offer some comfort.