The Outcome of Board Meeting is enclosed.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sawaca Enterprises' board, which met on 27th May 2025, approved the annual audited standalone financial results for Q4 and FY ended 31 March 2025, along with an un-qualified audit opinion from statutory auditors M A A K & Associates. The company also appointed Shah & Shah Associates as Secretarial Auditors for five years (FY 2025-26 to FY 2029-30) and Shah & Shah, Chartered Accountants as Internal Auditors for FY 2025-26. Total income for FY25 rose to Rs. 8,052.79 lakh from Rs. 6,544.42 lakh in FY24, but the company reported a net loss of Rs. 167.89 lakh versus a profit of Rs. 49.54 lakh last year, largely due to a Rs. 1.72 crore mark-to-market loss on investments under Ind AS. Without this adjustment, the company would have posted a profit of around Rs. 1.37 crore.
Mixed for shareholders – revenue grew but bottom line swung to a loss because of investment valuation adjustments. The auditor changes are routine and unlikely to move the stock; investors should watch for signs of recovery in core trading and IT consulting segments.