Appointment of Cost Auditor for F.Y. 2025-26
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The board approved audited financial results for Q4 and FY ended March 31, 2025. The company reported a loss before tax of Rs. 171.79 lacs in FY25, narrower than the Rs. 276.79 lacs loss in FY24. Statutory auditors (O P Bagla & Co LLP) issued an unmodified (clean) opinion on the results. The board also appointed Internal Auditors (SCV & Co. LLP), Cost Auditors (Gurvinder Chopra & Co.) for FY 2025-26, and recommended Secretarial Auditor (SVR & Co.) for FY 2025-26 to 2029-30. Notable related party transactions include large loans taken from the Managing Director (Rs. 11,235.25 lacs) and fully repaid during the period (Rs. 11,353.12 lacs), plus purchases of Rs. 636.62 lacs from Devi Electronics Pvt Ltd (a director-related entity). Cash flow from operations remained negative at Rs. 7.74 lacs in FY25 (vs Rs. 479.08 lacs outflow in FY24). A contingent liability related to a pending Supreme Court SLP and Delhi High Court writ petition remains on the books.
A narrower loss and clean audit opinion are mildly positive, but persistent losses, negative operating cash flow, and heavy dependence on director-related loans and transactions are concerns for minority shareholders. The pending court matters remain a key risk overhang.