Outcome Of Board Meeting Held On 21St May, 2025 For the approval of Audited Standalone Financial Results for the quarter and year ended 31.03.2025

Exceptional itemResults restatedNegative operating cash flowDebt to equity above the thresholdEBITDA margin compressionResults View source PDF Explain this filing

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Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+8.0% vs market

Garments & Apparels peers, median of 35sector-1.1%+9.0% vs sector

On the reaction day the stock moved 8.0 pts more than Nifty Microcap 250 and 9.0 pts more than its Garments & Apparels peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

The board approved audited standalone financial results for Q4 and FY ended March 31, 2025, with the statutory auditor issuing an unmodified opinion. Full-year revenue grew modestly to ₹4,650.28 lakhs (vs ₹4,076.72 lakhs in FY24), but profit after tax fell sharply to ₹190.98 lakhs (vs ₹366.53 lakhs), partly boosted by a one-time exceptional gain of ₹216.59 lakhs from sale of a portion of land. The company restated prior-period figures to recognise gratuity liability (Ind AS 19), and other equity remains negative at -₹856.90 lakhs with very high borrowings of ₹5,803.60 lakhs. Operating cash flow turned negative at -₹419.49 lakhs, and the board has approved a Rights Issue of up to ₹35,000 lakhs (DLOF filed with SEBI) to repay promoter/group unsecured loans and for general corporate purposes.

Likely market impact

Short-term stock impact may be muted — topline growth is modest and core profitability (ex-exceptional item) has weakened, with negative operating cashflow and a strained balance sheet. The large Rights Issue, if successfully subscribed, could reduce reliance on unsecured promoter loans but will also dilute existing shareholders and depends on regulatory approvals.