BSESai Capital LtdHighNeutral
Announced Thu, 29 May · 17:33 IST

i. Audited Financial Results of the Company for the Fourth Quarter and Financial year ended 31st March, 2025, both on Standalone and Consolidated basis, duly reviewed by the Audit Committee. ....

Going ConcernEmphasis Of MatterPat NegativeResults RestatedDebt Equity ThresholdResults View source PDF

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AI summary

Sai Capital's board approved audited results for FY25 on May 29, 2025. On a standalone basis, the company reported zero revenue from operations, a loss of Rs. 69.63 lakh (vs Rs. 63.52 lakh loss in FY24), and a deeply negative net worth of Rs. (408.86) lakh. The statutory auditor (Mehrotra & Co.) gave an un-modified opinion but flagged a material uncertainty on the going concern, noting that net worth is fully eroded and the core revenue stream remains uncertain since COVID. On a consolidated basis, total income grew ~33% to Rs. 2,340.80 lakh and the group swung to a profit of Rs. 1,083.83 lakh (vs Rs. 1,314.35 lakh loss last year), driven mainly by subsidiaries. The board also appointed a new internal auditor and reclassified Butterfly Ayurveda Bakery as a material subsidiary.

Likely market impact

The standalone entity continues to be a shell with no operating revenue, mounting losses, and negative net worth, making it a high-risk going concern. However, the consolidated picture improved sharply because subsidiaries (especially Butterfly Ayurveda) generated real profits, which is what shareholders and the stock price will react to. Investors should watch closely whether the subsidiary-driven turnaround can be sustained, as the parent itself adds no value.