Appointment of Secretarial Auditor of the company
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Saptak Chem and Business Ltd announced the outcome of its board meeting held on May 7, 2025. The board approved standalone audited financial results for Q4 and the full financial year ended March 31, 2025, with statutory auditors M/s. Meet Shah & Associates issuing an unmodified (clean) opinion. The company reported zero revenue from operations for FY25 and a net loss of ₹8.62 lakhs, wider than the ₹3.48 lakh loss in FY24. Total expenses rose to ₹8.68 lakhs from ₹3.48 lakhs. The board also appointed Mrs. Rupal Patel, a Practicing Company Secretary with 21 years of experience, as the Secretarial Auditor for FY 2024-25. The company's total equity remains deeply negative at ₹225.68 lakhs against a paid-up capital of ₹1,073.23 lakhs.
This is a routine regulatory filing with no operational improvement — revenue continues to be nil and losses are widening, suggesting the company is not generating any business activity. Shareholders should note the negative net worth and persistent losses as red flags, though there are no loan defaults disclosed and the auditor's opinion is clean.