Outcome of Board meeting held on 04/09/2025 to approve audited financial results for the quarter and year ended March 31, 2025 and other matters

The board approved audited standalone and consolidated results for Q4 and FY ended March 31, 2025 with an unmodified (clean) auditor opinion. Revenue from operations fell sharply to Rs. 1,928.10 lakhs from Rs. 2,952.75 lakhs in FY24, a decline of roughly 35%, though total income rose to Rs. 5,023.93 lakhs helped by a one-time Rs. 1,720.92 lakhs interest reversal shown as other income. Full-year PAT slipped to Rs. 140.40 lakhs (FY24: Rs. 161.86 lakhs), while Q4 FY25 swung to a Rs. 16.21 lakh loss because the entire Rs. 780.03 lakhs annual depreciation was booked in the final quarter. Statutory auditor M/s RV Somani & Associates resigned on September 4, 2025 citing pre-occupation, just about seven weeks after being appointed at an EGM on July 18, 2025; M/s Ram Chandak & Associates has been named as replacement to fill the casual vacancy. The company raised around Rs. 9,734 lakhs via a share issue during the year, lifting equity to Rs. 18,489 lakhs and cutting borrowings from Rs. 5,387 lakhs to Rs. 1,472 lakhs, but operating cash flow turned sharply negative at minus Rs. 2,389 lakhs (FY24: positive Rs. 614 lakhs) on ballooning trade receivables. The 33rd AGM is scheduled for September 30, 2025, and Mr. Suhit Bakshi joins as an additional non-executive director.