The Board of Directors today approved the appointment of M/s P Mehta & Associates, Practicing Company Secretaries as Secretarial Auditor subject to approval of memebrs at ensuing Annual ....
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Awaiting price reaction for this filing.
Skyline Millars' Board approved audited financial results for Q4 and FY ended March 31, 2025. The company reported a total loss of Rs. 26.12 lakhs for FY25, a significant improvement from Rs. 99.36 lakh loss in FY24. Q4 FY25 swung to a profit of Rs. 21.47 lakhs versus a loss of Rs. 11.77 lakhs in the year-ago quarter. Total income rose to Rs. 268.64 lakhs from Rs. 46.35 lakhs, aided by Rs. 213.15 lakh revenue from real estate contracts and Rs. 19.78 lakh profit from sale of the Delhi office. The Board also appointed M/s P Mehta & Associates as Secretarial Auditor for five years (subject to shareholder approval) and cleared the notice for the 105th AGM. Statutory auditor S G D G & Associates LLP issued an unmodified opinion.
The reduced annual loss and return to quarterly profitability are modestly positive signals, but ongoing losses from continuing operations and the unresolved Ghatkopar Supreme Court matter remain key concerns. The stock is unlikely to see a strong reaction as these are largely routine corporate housekeeping items.