The Board of Directors, on the recommendation of the Audit Committee of the Board, in its meeting held on 28.05.2025 at 4:00 p.m., have discussed & approved the following:- 1. Audited ....
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The board, on 28 May 2025, approved the audited standalone financial results for the quarter and year ended 31 March 2025 along with the balance sheet and cash flow statement. The statutory auditor M/s A Sachdev & Co. issued an unmodified (clean) opinion on the results. The company reported zero revenue from operations for the full year, with total income of just INR 52 lakhs coming entirely from other income (vs INR 51 lakhs in FY24). It posted a net loss of INR 159 lakhs for FY25, marginally wider than the INR 158 lakh loss in FY24, with EPS of (0.22). Total expenses stood at INR 210 lakhs, dominated by depreciation of INR 170 lakhs. Total equity shrunk to INR 1,639 lakhs (from INR 1,798 lakhs) as accumulated losses in other equity deepened to INR (5,846) lakhs. Operating cash flow was positive at INR 135 lakhs, helped by a INR 49 lakh increase in trade payables.
Shareholders should note the company continues to report losses with no operating revenue and growing accumulated losses that now exceed its share capital, indicating a weak financial position. However, the clean audit opinion and positive operating cash flow suggest the business is still functioning, though turnaround prospects remain unclear.