Please find attached herewith outcome of the Board Meeting of the Company
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 8.5 pts more than Nifty Microcap 250 and 9.5 pts more than its Residential, Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
The Board of Sanathnagar Enterprises Ltd approved the audited financial results for the quarter and full year ended March 31, 2025, audited by MSKA & Associates with an unmodified opinion. The company swung to a loss of ₹339.99 lakhs for FY25, compared to a profit of ₹294.43 lakhs in FY24. Revenue from operations effectively dried up (FY24: ₹230.23 lakhs), while total income fell to ₹46.64 lakhs from ₹419.26 lakhs. Other equity is deeply negative at ₹(1,561.68) lakhs, indicating the company's accumulated losses far exceed its share capital of ₹315 lakhs. Operating cashflow turned negative at ₹(38.39) lakhs versus ₹205.92 lakhs generated last year, and cash balance fell sharply to just ₹1.16 lakhs. The Board had earlier approved a merger scheme with its holding company, Macrotech Developers Limited (Lodha Group), which remains pending necessary approvals.
This is a significantly weak set of results — the company has slipped into losses, run out of revenue, burned cash, and carries a deeply negative net worth. Shareholders should pay close attention to the pending merger with Macrotech Developers (the holding company), as it is the most material event likely to determine future shareholder outcomes.