The Board at their meeting considered the appointment of internal auditor
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The Board of Directors approved the audited standalone financial results for Q4 and the full year ended 31st March 2025, along with the auditor's report carrying an unmodified (unqualified) opinion. For FY25, the company swung to a profit of Rs 3.45 lakhs from a loss of Rs 16.88 lakhs in FY24, while total revenue rose modestly to Rs 62.15 lakhs from Rs 59.40 lakhs. The Board appointed M/s. Srimal Jain & Co. as the Internal Auditor for FY25-26 but could not finalise a candidate for Secretarial Auditor, deferring that decision to the next meeting. Approval was also given to Related Party Transactions for the half-year ended 31st March 2025. Other Equity remains negative at Rs -8.96 lakhs and cash flow from operations was negative at Rs -7.60 lakhs.
The return to profitability is a small positive, but the absolute earnings are negligible against equity of over Rs 1,000 lakhs and the negative Other Equity signals accumulated losses. Shareholders should note the weak operational cash generation and the unresolved Secretarial Auditor appointment as minor governance flags, though the clean audit opinion is reassuring.