Outcome of Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shashijit Infraprojects' Board, at its meeting on 30 May 2025, approved the audited standalone financial results for Q4 FY25 and the full year ended 31 March 2025, with an unmodified opinion from statutory auditor Kakaria and Associates LLP. Full-year revenue from operations fell to about Rs. 22.87 crore from Rs. 27.35 crore in FY24, while the company reported a net loss of roughly Rs. 3.11 crore for FY25 versus a smaller loss of about Rs. 0.94 crore in FY24; Q4 FY25 standalone loss stood at around Rs. 0.94 crore. Basic and diluted EPS for FY25 was Rs. (0.58), and the company has classified its Government Infrastructure segment (terminated by Vapi Nagar Palika in Q4 FY24) as a discontinued operation. During the quarter, the company raised Rs. 685.13 lakh by allotting 2,09,52,000 equity shares on a preferential basis at Rs. 3.27 per share (approved by Board on 17 Jan 2025 and EGM on 13 Feb 2025, allotted on 3 March 2025). The Board also confirmed there are no pending investor complaints and that the company does not fall under the SEBI 'Large Corporate' category, with nil outstanding qualified borrowings.
Negative near-term read for shareholders — full-year revenue shrank and losses widened meaningfully versus FY24, though the preferential equity infusion strengthens the capital base. No dividend, no bonus or split announced; stock sentiment is likely to stay weak until revenue and order book recovery is visible.