OUTCOME OF BOARD MEETING HELD ON 13 NOVEMBER 2025 FOR APPROVAL OF FINANCIAL RESULT QUARTER AND HALF YEAR ENDING 30 SEPTEMBER 2025
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Salora International's Board approved unaudited financial results for the quarter and half-year ended 30 September 2025. Statutory auditors O P Bagla & Co LLP issued a Limited Review Report with an un-modified (clean) opinion, finding nothing that suggests material misstatement. Management notes that GST rate changes adversely impacted sales during the period. The cash flow statement indicates continuing losses and negative operating cash flow for the half-year. A pending SLP in the Supreme Court and a writ petition in the Delhi High Court were flagged, with the related contingent liability status unchanged pending disposal. Related party transactions (sale of finished goods to Devi Electronics Pvt. Ltd amounting to around Rs. 43.03 lacs) were placed before the board and certified as at arm's length pricing.
A clean auditor review is mildly reassuring, but ongoing losses, negative operating cash flow, and pending legal contingencies in the Supreme Court and Delhi High Court keep the outlook cautious. Near-term performance remains pressured by GST-related sales weakness, although management expects improvement from new product and operational efficiency initiatives.