This is to inform you under Regulation 30, 33 and any other Regulation of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 that a meeting of the Board of Directors ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sera Investments & Finance India Ltd's board, which met on May 8, 2025, approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with an unmodified (clean) auditor's opinion. Revenue from operations grew sharply to Rs. 2,286.92 lakh in FY25 from Rs. 1,158.87 lakh in FY24 (nearly doubled), but profit after tax collapsed to just Rs. 6.22 lakh versus Rs. 200.95 lakh previously, and operating cash flow turned negative at Rs. (749.30) lakh against a positive Rs. 960.02 lakh last year. The company recorded a massive unrealised gain of about Rs. 299.4 crore in Other Comprehensive Income from its 50 lakh shares in Sri Adhikari Brothers Television Network Ltd, which is reflected in a jump in investments to Rs. 32,417.84 lakh. The board also approved the conversion of 4,93,000 warrants into equity shares allotted to Uni-Tech Engineering Pvt Ltd at Rs. 13.50 per share (Rs. 2 face value + Rs. 11.50 premium), appointed Mr. Amar Bahadur Rajpurohit as Interim CEO, accepted the resignation of Independent Director Mr. Bharat Balachandran, appointed Mr. Pankaj Sharma as a new Independent Director for 5 years, and appointed M K Samdani & Co as secretarial auditor.
Despite near-doubling of revenue, shareholders should note the sharp drop in profit after tax and the swing to negative operating cash flow, which points to higher costs or provisioning pressure on core earnings. The dilution from warrant conversion is small (0.75% post-issue holding), but the bigger story is the Rs. 299.4 crore unrealised OCI gain on Sri Adhikari Brothers shares, which inflates other equity but not reported profit and may bring stock-price volatility.