The Board of Directors in their meeting held on Thursday, May 29, 2025 interalia considered and approved the following amongst others: 1. Approval of Audited Financial Results for the ....
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The board, at its May 29, 2025 meeting, approved the audited standalone financial results for the quarter and year ended March 31, 2025. The company, an NBFC, reported zero income from operations and a net loss of ₹9.09 lakh for FY25, narrower than the ₹49.76 lakh loss in FY24. Total expenses fell sharply to ₹9.09 lakh from ₹49.79 lakh. EPS improved to ₹-0.20 from ₹-1.10. The balance sheet shows paid-up equity of ₹4.54 crore, but reserves are deeply negative at ₹-2.71 crore, and long-term borrowings stand at ₹91.56 lakh. Operating cash flow was negative at ₹-9.09 lakh. The statutory auditor issued a 'Qualified Opinion' on the financials (despite the company separately declaring an 'unmodified opinion' under SEBI Regulation 33(3)(d), which is a notable contradiction). Ms. Mansi Biyani was appointed as Internal Auditor for FY26.
Shareholders should be concerned: the company has zero operating revenue, accumulated losses that have eroded over half its share capital, and a qualified audit opinion, raising serious going-concern doubts. The contradictory 'unmodified' declaration may attract regulatory scrutiny and is a red flag for retail investors.