Please find enclosed herewith outcome of Board Meeting held today, 30th May, 2025
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Shalimar Productions' board met on May 30, 2025 and approved audited financial results for Q4 and full year ended March 31, 2025. The company swung to a net loss of Rs 70.72 lakhs in FY25 compared to a profit of Rs 7.38 lakhs in FY24, while total income rose to Rs 267.85 lakhs from Rs 208.71 lakhs. Total expenses jumped sharply to Rs 337.97 lakhs from Rs 198.77 lakhs, driven mainly by higher employee costs, depreciation, and other expenses. The board also appointed M/s. Kirti Sharma & Associates as Secretarial Auditor for five years starting April 1, 2025, and re-appointed Mr. Lakhpat M. Trivedi as Internal Auditor for FY 2025-26. The auditor (M/s Bhatter and Associates) issued an unmodified opinion on the results.
The shift from profit to loss and the steep rise in expenses are negative signals for shareholders, though the company continues operations as a going concern. Routine auditor appointments are administrative and do not materially affect the stock.