Outcome of Board Meeting
Price
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The Board approved the audited standalone and consolidated financial results for FY25 (ended March 31, 2025), with a clean (unmodified) auditor opinion from R T Jain & Co LLP. On a standalone basis, revenue from operations fell sharply to ₹29.76 lakhs from ₹61.78 lakhs, though the net loss narrowed to ₹(7.29) lakhs versus ₹(105.99) lakhs in FY24. On a consolidated basis, revenue from operations surged to ₹1,381 lakhs from ₹476 lakhs (~190% growth), driven by subsidiaries, and the group swung to a net profit of ₹84.78 lakhs from a loss of ₹175.18 lakhs in FY24. The Board also appointed Ms. Sanjana Shah as Internal Auditor for FY26 and M/s Dilip Swarnkar & Associates as Secretarial Auditor for a five-year term (FY26–FY30). During the year, the company acquired 51% of Sanfin Technologies Pvt Ltd and sold its 61.9% stake in Dhruva Advisors Inc for ₹54.44 lakhs. Operating cash flow remained deeply negative on both standalone (-₹103 lakhs) and consolidated (-₹251 lakhs) bases.
The consolidated turnaround to profitability and ~190% revenue growth are positive signals for shareholders, supported by new subsidiary contributions. However, the standalone business is still loss-making with declining core revenue, and heavy negative operating cash flows continue to raise concerns about cash generation. Net effect is mixed – group-level improvement, but underlying standalone weakness persists.