Updation of Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information.
Price
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Awaiting price reaction for this filing.
Sita Enterprises Ltd reported its audited financial results for Q4 and FY ended 31 March 2025 at a board meeting on 22 May 2025. Revenue from operations fell sharply to Rs 150.43 lakhs in FY25 from Rs 317.11 lakhs in FY24, a decline of over 50%. Profit after tax dropped steeply to Rs 42.53 lakhs (vs Rs 281.59 lakhs), and EPS fell to Rs 1.42 from Rs 9.39. Net cash from operating activities turned negative at Rs (36.73) lakhs in FY25. The statutory auditor M/s Patel Shah & Joshi issued an unmodified (clean) opinion on the financial results. The board also appointed Kala Agarwal as Secretarial Auditor for FY26 and approved modifications to the Code of Practices for Fair Disclosure of Unpublished Price Sensitive Information.
Sharp decline in revenue and profits, along with negative operating cash flow, signals weakening business performance for shareholders. However, the clean audit opinion and ongoing change-of-control transaction (promoter share sale to acquirer with SEBI/RBI approvals pending) remain key watchpoints.