Outcome of Board Meeting Enclosed
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Shricon Industries' board, which met on May 26, 2025, approved the audited financial results for Q4 and full year ended March 31, 2025. Statutory auditor R.S. Dani & Co. issued an unmodified (clean) opinion on the results. The company appointed M/s Kamal Gupta & Co. as internal auditors for FY26. Key numbers from the financials: Profit Before Tax swung from a profit of Rs. 18.46 lacs in FY24 to a loss of Rs. 5.02 lacs in FY25, and net cash from operating activities remained negative at Rs. (7.26) lacs (vs Rs. (4.91) lacs last year). Total assets stood at Rs. 420.31 lacs, while cash and equivalents dropped sharply from Rs. 54.00 lacs to Rs. 15.58 lacs. Equity declined to Rs. 418.04 lacs from Rs. 432.87 lacs. The board also approved material related party transactions for the period.
Shareholders should note the company slipped into a loss in FY25 after reporting a profit last year, with continuing negative operating cash flow and a sharp fall in cash balance. While the auditor's opinion is clean, the weak operating performance and shrinking equity base are red flags that could weigh on the stock and investor confidence.