Shivamshree Businesses Ltd has informed BSE that the Board of Directors of the Company consider and approve Audited Standalone Financial Results for the quarter and Financial Year ended ....
Awaiting price reaction for this filing.
Shivamshree Businesses' Board, on May 6, 2025, approved the audited standalone financial results for Q4 and FY ended March 31, 2025. The company swung to a loss of Rs. 74.57 lakhs in FY25 from a marginal profit of Rs. 0.83 lakhs in FY24. Total income fell sharply to Rs. 413.73 lakhs from Rs. 1,170.93 lakhs, a decline of about 65% year-on-year. Total expenses stood at Rs. 509.71 lakhs, and other equity turned more negative at Rs. (91.03) lakhs versus Rs. (18.46) lakhs earlier. The statutory auditor MAAK & Associates issued a qualified opinion because no balance confirmations were available for trade receivables, trade payables, and loans/advances — a repetitive qualification. Separately, the Board approved a preferential allotment of 3 crore equity shares at Rs. 1.50 each (face value Re. 1) to raise Rs. 4.5 crore. The company also started a new segment — manufacturing of industrial bags — in February 2025.
Shareholders should note a weak operating year with revenue collapse and a swing to loss, alongside a repetitive qualified audit opinion that raises concerns over record quality. The proposed preferential allotment of 3 crore shares (roughly 66% of existing share base of 4.565 crore) is heavily dilutive at a price (Rs. 1.50) only modestly above face value, which may weigh on the stock in the short term.