Outcome of Board Meeting held today i.e. 28th May 2025
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The Board of Shashank Traders approved the audited standalone financial results for the quarter and year ended March 31, 2025. The company reported total income of just Rs 4.84 lacs for the full year, against total expenses of Rs 18.32 lacs, resulting in a net loss of Rs 13.48 lacs, slightly improved from a loss of Rs 15.85 lacs in FY24. Loss per share stood at Rs (0.44) versus Rs (0.51) the previous year. The balance sheet shows negative reserves of Rs (89.35) lacs and short-term borrowings of Rs 285.97 lacs against total equity of Rs 220.03 lacs. Operating cash flow was negative at Rs (0.39) lacs. The statutory auditor issued an unmodified opinion with an emphasis of matter noting that the cost of investment in unlisted equity shares was not determined at fair value as required by INDAS 109, and debit/credit and dormant bank balances remain subject to confirmation.
The company continues to post losses with almost no operating revenue and carries negative reserves, raising concerns about long-term financial sustainability for shareholders. However, the auditor has not flagged any going concern issue, and the unmodified opinion provides some reassurance on reporting reliability.