Outcome of Board meeting held on 28th May, 2025 for consideration and approval of Audited Financial Results for the year and quarter ended 31st March, 2025 along with other matters.
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Sayaji Industries' Board, on May 28, 2025, approved the audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with statutory auditors Shah & Shah Associates issuing an unmodified (clean) opinion. Consolidated revenue rose modestly to about Rs 1,00,395 lakhs in FY25 (vs ~Rs 97,540 lakhs in FY24), driven largely by strong growth in the Spray Dried Food Products segment. However, the company reported a net loss for the year on both standalone and consolidated bases, though losses narrowed meaningfully versus FY24. The Board also appointed a new Secretarial Auditor (Amrish Gandhi & Associates for 5 years), a new Internal Auditor (TRS & Associates for FY26), and a Cost Auditor (Dalwadi & Associates). Separately, CFO Manan Shah resigned effective June 10, 2025, citing personal career pursuits.
For shareholders, the picture is mixed: top-line growth and narrowing losses are positives, but the company remains loss-making at the bottom line and the CFO departure could create short-term leadership uncertainty. Investors should also note the sharp rise in short-term borrowings and the negative operating cash flow, which may weigh on sentiment despite the improving profitability trend.