Intimation of the outcome of the Board meeting held on 27th May 2025.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board approved audited standalone financial results for Q4 and FY25 (year ended 31 March 2025). Total income for FY25 stood at Rs. 255.78 lakhs against Rs. 261.77 lakhs in FY24. The company swung back to a net profit of Rs. 17.24 lakhs in FY25 compared with a loss of Rs. 71.58 lakhs in FY24, with basic EPS of Rs. 0.39. Asset quality improved — Stage 3 (NPA) loans fell to 5.61% from 9.09% — and capital adequacy remained comfortable at 45.66%. The Board appointed Ms. Jayasree V, a financial services veteran with stints at ICICI Bank, Tata Motors Finance, Reliance Capital and Manappuram Finance, as the new Chief Financial Officer and KMP. It also decided to call an Extraordinary General Meeting to seek shareholder approval for the appointment of the Managing Director. Statutory auditor Ayyar & Cherian issued an unmodified (clean) audit opinion. The Board also acknowledged a Rs. 2,000 fine imposed by BSE for delay in filing the shareholding pattern, calling it a lapse and directing management to tighten compliance monitoring.
Clean audit opinion and a return to profit, combined with better asset quality, are positive for shareholders. The CFO appointment brings experienced NBFC talent, while the EGM seeking shareholder nod for the MD appointment provides governance clarity. The shareholding-pattern late filing is a minor compliance blemish with only a Rs. 2,000 penalty and is unlikely to move the needle on the stock.