In terms of Regulation 30 read with part A of Schedule III of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 ("the Listing Regulations"), This is to inform you ....
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The Board of Directors of Shricon Industries met on May 26, 2025 and approved the audited standalone financial results for the quarter and full year ended March 31, 2025. Statutory auditor R.S. Dani & Co. issued an unmodified (clean) opinion on the results. The Board also appointed M/s. Kamal Gupta & Co. as Internal Auditors for FY 2025-26, approved material Related Party Transactions for the period ended March 31, 2025, and noted the Investor Grievance Report (nil pending complaints). Based on the cash flow statement, the company swung to a loss before tax of Rs. 5.02 lacs in FY25 from a profit of Rs. 18.46 lacs in FY24, with negative operating cash flow of Rs. 7.26 lacs. Total equity declined to Rs. 418.04 lacs from Rs. 432.87 lacs, and closing cash fell sharply to Rs. 15.57 lacs from Rs. 54.00 lacs a year earlier.
Shareholders should note the company reported a loss for FY25 and continues to have negative operating cash flow, with cash reserves down significantly. However, the clean audit opinion, nil investor complaints, and continuing asset sales (land/building) provide some comfort. The financial details are limited given the company's small size (total assets under Rs. 5 cr).