AUDITED FINANCIAL STATEMENT FOR THE QUARTER AND YEAR ENDED 31ST MARCH 2025
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The Board approved Salora International's audited financial results for Q4 and FY ending March 31, 2025. The statutory auditor (O P Bagla & Co LLP) issued an unmodified (clean) opinion on the results. The company reported a loss before tax of Rs. 171.79 lacs for FY25, improving from a loss of Rs. 276.79 lacs in FY24. However, net cash used in operating activities worsened significantly to Rs. 471.32 lacs (vs Rs. 146.78 lacs in FY24). The Board also approved the appointment of new Internal Auditors (M/s. SCV & Co. LLP), Cost Auditors, and recommended Secretarial Auditors for FY26-30. A pending Supreme Court SLP and Delhi High Court writ petition continue as contingent liabilities. Significant related party transactions were disclosed, including large loans (Rs. 11,235.25 lacs taken and Rs. 11,353.12 lacs repaid) from Managing Director Gopal Sitaram Jiwarajka and purchases of Rs. 636.62 lacs from Devi Electronics Pvt Ltd.
For shareholders: The company continues to report losses and negative operating cash flows, though losses narrowed year-on-year. Heavy reliance on related-party borrowings from the promoter to fund operations is a concern, and pending litigation remains a contingent risk. The clean audit opinion is a positive, but weak financial performance suggests limited near-term catalysts for the stock.