Outcome of the Board Meeting held today is enclosed
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The Board of Skyline Ventures India approved the audited financial results for the quarter and financial year ended March 31, 2025. The company reported zero revenue from operations and zero total income for both the quarter and the full year, indicating no active business. Net loss for FY25 narrowed to Rs 38.07 lakhs from Rs 61.93 lakhs in FY24, mainly on lower employee costs (Rs 17.77 lakhs vs Rs 9.00 lakhs) and other expenses. Statutory auditor K S Rao & Associates issued an unmodified (clean) opinion on the results. However, other equity turned negative at Rs (35.46) lakhs, cash and equivalents stood at a critically low Rs 0.35 lakhs, and net cash from operating activities remained negative at Rs (6.89) lakhs.
Shareholders should be cautious — the company has no revenue, negative reserves, and very thin cash balances, raising going-concern concerns even though the auditor issued a clean opinion. The narrowing loss is driven only by cost cuts, not by any business revival.