Outcome of Board Meeting held on 24.05.2025 for approve the audited Financial result for the quarter and year ended on 31.03.2025 with auditor report and re-constitute NRC and Audit Committee ....
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Scan Projects Ltd (formerly Ambala Cements Ltd) approved audited financial results for Q4 and FY ended 31 March 2025. Revenue from operations jumped ~49% to ₹1,193.98 lacs (FY24: ₹798.81 lacs), driven by strong growth in both the Erection & Commissioning segment (+72%) and Trading segment (+40%). Net profit surged to ₹57.28 lacs from just ₹5.56 lacs in FY24, with EPS rising to ₹1.99 from ₹0.19. The Board also re-constituted the Audit Committee and Nomination & Remuneration Committee following the induction of a new Independent Director, and approved shifting the registered office within Yamuna Nagar. Statutory auditor Subhash Sajal & Associates issued an unmodified (clean) opinion on the results.
Sharp rebound in profitability and nearly 50% revenue growth signal a strong turnaround; combined with a clean audit report, zero borrowings, and positive operating cash flow of ₹302.70 lacs, this is positive for shareholder confidence. Minor governance housekeeping (committee reconstitution, office shift) carries no material risk.